What is bitcoin?

Bitcoin is the first implementation of a concept known as "crypto currency", which was first described in 1998 by Wei Dai listed Try Us "cypherpunks" where he proposed the idea of ​​a new type of money that used the cryptography to control his creation and transactions, rather than it did a centralized authority. The first specification of the Bitcoin protocol and the published proof of concept Satoshi Nakamoto in 2009 on a mailing list. Satoshi left the project in late 2010 without revealing much about him. Since then, the community has grown exponentially and has many developers working on the Bitcoin protocol. 

Bitcoin is a new kind of money. It's the first decentralized electronic currency not controlled by a single organization or government. It's an open source project, and it is used by more than 100,000 people. All over the world people are trading hundreds of thousands of dollars worth of bitcoin every day with no middle man and no credit card companies. It's a startup currency which has never happened before. Bitcoin is the first digital currency that is completely distributed. The network is made up of users like yourself so no bank or payment processor is required between you and whoever you're trading with. This decentralization is the basis for Bitcoin's security and freedom.