The Bitcoin Phenomenon

WHAT IS BITCOIN

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins are not printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, 
using software that solves mathematical problems.

Bitcoin can be used to buy things electronically. 

A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically,
 more or less instantly, with very low transaction fees.

Bitcoin is created digitally, by a community of people that anyone can join. 

Bitcoins are mined using computing power in a distributed network.

You can send money anywhere and it will arrive minutes later,

as soon as the bitcoin network processes the payment.

You can also buy products on the net with bitcoins, noone can control you, its

not connected with the banks.

You can open your own wallet and buy or transfer bitcoins anywhere, a lot businesses

have started accepting bitcoin payments even for  a cup of coffee.