Part 2 - What is Bitcoin?
Bitcoin is a digital money and a payment network combined
The Bitcoin acronym is BTC
The bitcoin network came into existence in January 2009
The inventor of Bitcoin is a mystery
Bitcoin has a capped supply of 21 million. Like gold it has a finite supply.
Bitcoin is deflationary – it’s worth more over time rather than less
If you lose your Bitcoin private key, you lose your bitcoins
One Bitcoin has 8 decimal places, the smallest fraction is called a Satoshi - 0.00000001 BTC
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