Bitcoin is the world’s first decentralized digital cryptocurrency. The Bitcoin network appeared in 2009, it works by mining as a result of which BTC coins are extracted. Transactions in the BTC network occur on the peer-to-peer principle, which means direct transfer of funds from one user to another, without the participation of third parties and regulatory authorities in the form of banks, regulators, the state, etc.
The bitcoin cryptocurrency is powered by blockchain technology, which fundamentally distinguishes It from all previously created electronic currencies and payment systems. The Bitcoin (BTC) blockchain is not tied to any physical assets or “official” Fiat currencies, and the price of the BTC digital coin is regulated exclusively by market demand and supply, i.e. there is what value people themselves invest in it, similar to gold for example.