Bitcoin is a digital currency which is based on Blockchain Technology. Briefly about how it works:
🔸 New Bitcoins appear on the network thanks to the miners who validate blocks and add them to the blockchain by using computers to solve mathematical functions. The same process verifies transactions.
🔸 Bitcoin exchanges trade conventional currencies for Bitcoin, offering a way in and out of the market for non-miners.
🔸 Businesses and individuals create wallets on different platforms that allow them to send and receive Bitcoin.
🔸 The network are protected by cryptography which ensuring the security of all balances and transactions.