Part 2 What is bitcoin?

Part 2 - What is Bitcoin?

Bitcoin is a digital money and a payment network combined

The Bitcoin acronym is BTC

The bitcoin network came into existence in January 2009

The inventor of Bitcoin is a mystery

Bitcoin has a capped supply of 21 million. Like gold it has a finite supply.

Bitcoin is deflationary – it’s worth more over time rather than less

If you lose your Bitcoin private key, you lose your bitcoins

One Bitcoin has 8 decimal places, the smallest fraction is called a Satoshi - 0.00000001 BTC