What is Bitcoin
What is Bitcoin Bitcoin is a new kind of money. Its the first decentralized electronic currency not controlled by a single organization or government. Its 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. Its 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 youre trading with. This decentralization is the basis for Bitcoins security and freedom. Email let us send letters for free, anywhere in the world. Skype lets us make phone and video calls for free, anywhere in the world. Now theres bitcoin. Bitcoin lets you send money to anyone online, anywhere in the world for less than a cent per transaction! Bitcoin is a community run sy...