Bitcoin: The Ultimate Guide to Investing in Cryptocurrencies

Bitcoin is digital money that runs without any kind of centralised management, bank supervision, or government regulation. It uses cryptography and peer-to-peer software.

All bitcoin transactions are tracked in a public ledger, a copy of which is kept on servers located across the world.

Currently, there are seven decimal places in which a bitcoin can be divided: a milli is one-thousandth of a bitcoin, and a satoshi is one hundred millionth of a bitcoin.

The goal of digital currency was to offer a different form of payment that would function without centralised management.

The process of mining is what keeps the bitcoin network running and creates new currency.

Every transaction is broadcast openly on the network, and miners group sizable groups of transactions into blocks by completing cryptographic calculations.

Bitcoin has a limited supply limit of 21 million. The last Bitcoin will be mined in the year 2140.

Bitcoin's limited supply is a huge benefit for the currency. An asset might become more valuable the rarer it is.