The cryptocurrency market has exploded in recent months, and it’s still just starting to take off.
The digital currency has now grown by more than 500 per cent in the last year alone, and investors are betting it will continue to soar.
With all of this excitement, it’s no wonder that some people are wondering what exactly is going on with Bitcoin.
This is the first of a two-part series looking at Bitcoin.
First, the basics.
Bitcoin is a digital currency that exists on a network of computers that run on an open source computer code that has been released to the public.
This code, called Bitcoin, can be used to buy and sell goods and services in the bitcoin economy.
It’s been in the market since 2009, but it was launched into the mainstream in 2013, and is now one of the biggest financial instruments in the world.
What’s going on in the Bitcoin space?
The most obvious thing about Bitcoin is that it’s a digital coin, which means that there’s no physical substance behind it.
There are no mints or warehouses, and no central bank.
Bitcoin can be bought and sold anywhere in the globe and anyone can use it.
Bitcoin isn’t a currency, which is the way the U.S. dollar is.
Rather, it is a “cryptocurrency,” which is a computer program that allows people to send money around the world with no transaction fees.
“Bitcoin” stands for “digital currency.”
It was created in 2009 by a group of computer scientists known as the Bitcoin Core team.
In Bitcoin, there are two types of currencies: “Bitcoin-denominated” currencies are digital currencies that exist on the blockchain that are backed by a digital ledger, which tracks every transaction.
“Digital currencies” are different from “coins,” which are coins that are produced by the government.
A digital currency is just a computer code or computer program which allows people in the same community to exchange their currency for other currencies.
In other words, digital currencies are backed up by a government-issued asset.
Bitcoin’s biggest proponents have been those who believe it to be the only legitimate way to spend money.
Others believe it is an alternative form of money, which they believe is not backed by any government, which would mean it is more secure.
“Cryptocurrencies” are also called “blockchains,” which stands for digital computers that are built on top of Bitcoin’s underlying code.
Bitcoin and other cryptocurrencies are used to transfer value between users, but they also facilitate transactions.
There is a growing number of companies around the globe that offer services to the cryptocurrency market.
For example, Paypal is offering to pay merchants with bitcoin, which has allowed merchants to accept payments on a variety of different currencies.
Another company, BitPay, allows anyone to send bitcoins to each other with a simple credit card or debit card.
“In the crypto world, the concept of a cryptocurrency is that its value can be transferred by people using a digital token that can be generated in the blockchain,” said Daniel Burtch, co-founder of bitcoin payment processing firm Coinbase.
“So it’s essentially a digital digital wallet that is stored on the internet, so it can be accessed and spent by anyone, and then it can also be stored in the public ledger of Bitcoin.”
How are bitcoins worth?
A cryptocurrency is valued by its ability to trade in an open market.
That’s how it’s calculated.
There’s no limit to how many bitcoins can be created, and each bitcoin is worth about $1.
“It’s just a number of units of value, which can be exchanged at any point in time for any other number of dollars,” said Burtich.
“But the currency can also become very valuable.
It can become a commodity, which makes it very, very valuable.”
So what’s the Bitcoin price right now?
The current price of Bitcoin is $1,854.
The currency has been gaining traction as the currency of choice for people looking to move money around.
There have been many price swings in recent weeks, including one of more than $30,000, according to Coinbase, which said the price of the digital currency fell in late August to $1.,869.
The bitcoin price also fluctuates wildly based on news from news sites, and the price fluctuates based on supply and demand for the cryptocurrency.
It is still relatively volatile and has fluctuated in value since 2009.
The most recent price of $1 — which is currently the highest in over a decade — was announced by a news site on Thursday.
How does Bitcoin compare to other currencies?
It’s important to note that Bitcoin has not always been used for money transactions.
Before Bitcoin, it was mostly used to exchange goods and payments.
In the past decade, it has become increasingly used to pay for goods and to buy services such as video streaming.
“We believe that the real value of Bitcoin has always been its utility and its ability as a currency,”