What is Bitcoin? Bitcoin 101 for Beginners - Intro to Bitcoin

What is Bitcoin? Bitcoin 101 for Beginners




Bitcoin is the very first decentralized cryptocurrency that was created in 2009. 

The creator is the pseudonymous person named Satoshi Nakamoto.

Bitcoin started off as the idea of electronic money. Giving two parties the ability to send money from person to person bypassing the traditional payment rails of the time. Bitcoin is still used to transfer money from person to person and has also grown to take on the narrative of "Store of Value" aka Digital Gold. 

As Bitcoin grew, it became apparent that it was not a good form of payment as the network was too slow. With the use of the Lightning Network, Bitcoin is able to be used as a form of payment.