Spend Bitcoin Like Cash: A Guide to Using Bitcoin for Everyday Purchases
What is Bitcoin?
Bitcoin is a decentralized digital currency, which means it isn’t controlled by any central authority like a bank or government. Instead, it operates on a peer-to-peer network using blockchain technology. Blockchain is like a digital ledger, which records all Bitcoin transactions, ensuring transparency and security. Bitcoin was created in 2009 by an anonymous person (or group) known as Satoshi Nakamoto and has grown to become one of the most recognized cryptocurrencies worldwide.
How Bitcoin Works
Bitcoin transactions are made over the internet and are recorded on the blockchain. To send Bitcoin, you need a Bitcoin wallet (which you can think of like an online bank account) that holds your private keys, allowing you to access and send your Bitcoin. Once a transaction ...