Bitcoin’s open-source code (software), launched in 2009 by an anonymous developer, or group of developers, that are known only by the pseudonym Satoshi Nakamoto. This ingenious codebase enabled a completely trust-less network between strangers. And both sender and receiver can remain anonymous, if they so desire. Bitcoin is sent and received just like an email (but with military-grade encryption), almost instantaneously to anyone, anywhere in the world. Every 10 minutes, various numbers of transactions containing varying amounts of Bitcoin are sent and received between it’s users. Once the Bitcoin software is downloaded and installed by a user, they can communicate with others that have also installed the Bitcoin software.
Bitcoin (symbol: BTC) is not printed by a government or issued by a central bank or authority. Bitcoin is created by ingenious open-source code (software) installed on thousands of peer-to-peer computers worldwide. These computers running Bitcoin software solve complex math equations to confirm that every transaction on the network is authentic and original. This happens every 10 minutes and has been happening uninterrupted every 10 minutes since Bitcoin open-source code was published in 2009.
Each of these confirmations of a transaction(s) is called a block. Think of a block as a cube or building block. Every block contains all of