A renegade currency is disrupting global economies weakening the power of central banks, and transforming the financial destinies of people across the world.

Bitcoin's usefulness spans many categories. In it's simplest form it's a digital currency, but the system itself is what allows people around the world to conduct trade quickly and at low cost. This is because all of the expensive infrastructure that financial institutions need is replaced by outsourcing that power to the Bitcoin network.

Because of its ease and low cost, Bitcoin has now grown in acceptance as a medium of exchange. Bitcoin's inherent value is in its speed, low cost, and security features. While still in its infancy, Bitcoin can already be used to buy everything from a cup of coffee to a vacation package, and low fees make it more economical than using a credit card processor

On October 21, 2008 a developer named Satoshi Nakamoto published the Bitcoin Protocol which outlined the theory of a decentralized currency. This was followed in January 2009 by the release of the open-source Bitcoin software, and the mining of the first Bitcoins.

Since its creation, Bitcoin has evolved from a mathematical proof of concept to a rapidly expanding economy worth more than $1 billion. Bitcoin is now being used in transactions between millions of people and thousands of businesses around the world.


Satoshi Nakamoto posted a paper to the Cryptography Mailing List, described Bitcoin as “a new electronic cash system that's fully peer-to-peer, with no trusted third party.”
All newly mined Bitcoins, along with every transaction, are publicly recorded. This record is known as the blockchain. While the blockchain records transaction details, it does not record any personal identifying information about the senders or recipients.


The blockchain is a critical feature to maintain the transparency of the Bitcoin system, and make counterfeiting or double spending impossible.