What is Bitcoin?

There’s a lot of people who love Bitcoins. It’s a digital currency where people can bet in an anonymous way. A lot of players love it because of this huge advantage. However, there are certain amount of people who don’t have any idea about what Bitcoin is, and they need to learn about it. They want to play with it, but they have no idea about what to do. Sites like Oshi Casino or Betchain will show you what to do, but perhaps you’re going to need an easier reading. This is why we’re about to show you a little guide about the concept of Bitcoins and all the things you can do with them.

What is Bitcoin?

First of all, if you want to know about Bitcoins, you need to know where the idea came from. The idea came from Satoshi Nakamoto, a person who started this idea in 2007. Just so you know, there are certain theories that claim Satoshi is not one person, but a group of people. In fact, Satoshi Nakamoto is a fake name, nobody really knows the real name. In 2008 the website Bitcoin.org started running and this is where it all began.

The most important advantage about Bitcoins is the fact they don’t have any central authority.┬áPeople who know about Bitcoins know that they can share, create and transfer them without any regulations. There are no governments, no companies and no banks in charge of this currency. It’s a very anarchist concept, but to date it has given excellent results. It presents new features and stands out for its efficiency, security and ease of exchange.

On the other hand, Bitcoins reduce costs by eliminating intermediaries. Thanks to this, this currency eliminates all commissions. Money goes directly from person to person. As a matter of fact, what attracts the most from this whole concept is that it’s totally democratic. It’s an economy system from the people to the people. In conclussion, if you want to invest in Bitcoins, you’re making an excellent choice. Not just because you don’t have to give any personal information. It’s about the fact that it’s going to be your money and nobody can take it away from you.