What is Bitcoin?

Bitcoin is a decentralised digital asset, referred to as a ‘cryptocurrency’ due to its use of cryptography. 

It was the first blockchain, and remains the largest, most secure and widely used blockchain in existence.

Bitcoins, or parts of them, can be sent peer to peer (person to person) without the need for any centralised intermediaries such as banks or payment processing companies.

Bitcoin is open, borderless and censorship resistant, and has been referred to as 'the internet of money'.

The renowned Bitcoin educator Andreas Antonopoulos described Bitcoin as ‘the concept of decentralisation applied to the human communication of value’. You can take a deeper dive into what Bitcoin is with him here (which is a great video for sharing with friends and family to intro them to Bitcoin by the way 🙂)

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