If you’re interested in cryptocurrency, chances are you probably understand that Bitcoin is not only the first cryptocurrency to be created, but it is also one of the most important out there.

It is important to understand that Bitcoin is a form of digital currency, and it is created and held electronically. No one controls it. Unlike euros or dollars, Bitcoins are not printed – they are produced by people, businesses, running computers worldwide, using a software program that solves mathematical problems.

Mentioned briefly, Bitcoin is the very first example of a steady growing category of money known as…

This excerpt was originally published by CryptoCurrencyNews.com in 2017. Read the full article (archived copy).