How Bitcoin Works
How does bitcoin work? Bitcoin is a cutting edge technology, which can serve many different needs and use cases. Here’s an easy to follow guide!
Bitcoin can mean something different to each person who uses it.
We think that learning about bitcoin — and its potential to create a fair and open financial system — is important for everyone to know.
That’s why we put together this page. The goal was to create a resource to help answer the question “What is bitcoin?” But developing a simple answer to “what is bitcoin?” is challenging, mainly because bitcoin is multi-layered and dynamic.
Bitcoin as an information network, and bitcoin the digital currency continue to grow, see more adoption, and go mainstream worldwide. And as bitcoin matures, new use cases start to emerge, which show the utility of the network and the adaptability of a computer code-based money system like bitcoin.
Here are a few bitcoin uses cases that get people excited:
We can go on and on with the list above, because bitcoin is a lot of things. To take a deeper dive, here are a few recommended posts. We are continually adding to this list as we create new educational resources, so be sure to check back regularly.
The birth of bitcoin — This post is all about how bitcoin came to be. It walks through some of the projects that preceded bitcoin and talks about why bitcoin came about when it did. Bitcoin was first created by the mysterious Satoshi Nakamoto. The ideas that would eventually become bitcoin were first outlined in the bitcoin whitepaper, titled “Bitcoin: A peer-to-peer electronic cash system.”
Learn about bitcoin — This page is a good place to get familiar with bitcoin-related terminology. Since day one, bitcoin and bitcoin users have developed a unique culture — complete with a new lexicon. This is the spot to learn more about hodl, stackin’ sats, and FUD.
How can I use bitcoin? — There are a number of ways to use bitcoin. From easily (and quickly) sending money across borders, to buying gifts on Etsy, this guide has you covered.
The bottom line is that there are a lot of entry points to bitcoin. While the technology that makes bitcoin work can sometimes feel daunting to understand, bitcoin is still accessible for all. The best way to learn more about bitcoin is to start using it, and learn along the way.
How does bitcoin work? Bitcoin is a cutting edge technology, which can serve many different needs and use cases. Here’s an easy to follow guide!
The actual bitcoin network launched in January 2009, in the aftermath of the 2008 financial crisis. As central banks around the world panicked and created billions in new money, bitcoin was given a timely shot at changing the way we think about money.