What is Bitcoin?

Text & Slides by Kiril Peyanski

Bitcoin is a cryptocurrency. There are no physical bitcoins, only balances kept on a public ledger known as blockchain.

What is Bitcoin?

Bitcoins are not issued or backed by any banks or government, but…

Who guarantee Bitcoin?

Bitcoin transactions?

All bitcoin transactions are verified by a massive amount of computing power, eliminating double spending problem.

Who created Bitcoin then?

In 2009 a mysterious person called Satoshi Nakamoto set all of his ideas about Bitcoin in a whitepaper. 2 years later Satoshi disappear.

Who support Bitcoin now?

Bitcoin is supported by enormous open source community, contributors & developers. As well as miners who use computing power to verify & validate Bitcoin transactions.

What is Altcoin?

Bitcoin popularity has triggered the launch of hundreds of other cryptocurrencies, collectively referred to as Altcoins.

Where to buy Bitcoin?