What is Bitcoin? The Comprehensive Guide for 2025
Understanding the fundamentals of the world's first cryptocurrency, how the blockchain works, and why it matters for the future of finance.
The Genesis of Digital Currency
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
'Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.
How Blockchain Works
Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The invention of bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto in 2008.
- Decentralization: No single point of failure
- Transparency: Open ledger for all to see
- Immutability: Records cannot be altered
Sarah Jenkins
Head of Education at BitVest