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It can be difficult to grasp the concept of Bitcoin and other 'cryptocurrencies.' Trust us, it's a challenge to explain it clearly, too. Here's a primer on what Bitcoin is and how it works.
Bitcoin emerged in 2008 as the mathematical project of Satoshi Nakamoto, a pseudonym for ... who really knows?
Essentially, it is a software code set up to generate Bitcoin. A process known as mining actually propagates the new numbers, and when the numbers are used, they are permanently stored in what is called the blockchain. If that sounds confusing, don’t worry. It is.
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