The term “cryptocurrency,” or “crypto” for short, is used to describe digital tokens enabled through cryptography. And Bitcoin was the first mainstream and widely used cryptocurrency. However, it’s important to understand that Bitcoin has unique characteristics beyond just the use of cryptography, making it an important digital money in

In the most simple definition - Bitcoin is digital money. Bitcoin is based on open-source computer software. Meaning anybody can access and run the software on their personal computer. The Bitcoin network is a series of nodes (computers running the Bitcoin software) that are connected to one another. Each node