What is bitcoin ?
Who started bitcoin ?
Satoshi Nakamoto
What started Bitcoin?
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet
Can you convert Bitcoin to cash?
use an exchange service allowing you to instantly convert your digital money into dollars, euros or other currencies. You will need to choose what currency you have, its amount and what currency you want to get for it
What price did Bitcoin start at?
On July 2010 $0.08 In five days, the price grew 900%, rising from $0.008 to $0.08 for 1 bitcoin.
On Feb 2011 – April 2011 $1.00 Bitcoin takes parity with US dollar.
On 8 July 2011 $31.00 top of first "bubble" followed by the first price drop
On Dec 2011 $2.00 minimum after few months
How new bitcoins are created?
New bitcoins are generated by a process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using hardware and are collecting new bitcoins in a exchange.
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