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Bitcoin is the first decentralized cryptocurrency, a type of digital money based on an accounting system that works between people, without any bank or state having to validate transactions.
His identity is a mystery, however Satoshi Nakamoto is the pseudonym that the Bitcoin developer chose when making it known, but his real identity is unknown. In fact, there is speculation that they are a group of programmers and there are even more ridiculous theories, fake news such as the one that proposes that Bitcoin was created by four leading technology companies: SamSung, ToShiBa, Nakamichi and MotorOla.
This price is not regulated by a state, central bank, mint or company; it is defined by supply and demand. Therefore, although the amount fluctuates due to many factors, it is not affected by inflation. In addition, bitcoins are worth being scarce goods: there will only be 21 million, and there are already 18 million in circulation.
The Bitcoin network works through a blockchain, in which each processed transaction can be viewed, allowing its validity to be verified. The authenticity of each transaction is protected by digital signatures corresponding to the shipping addresses and anyone can process a transaction and get a reward in bitcoins for this service, this is called mining.
Bitcoin (with a capital 'B') refers to the peer-to-peer exchange network, including the blockchain, users and miners. Whereas bitcoin (with a lowercase 'b') is the cryptocurrency. In short: Bitcoin is software and bitcoin is a cryptocurrency.
