Quick Facts About Bitcoin
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Jan 3, 2009
Proof of Work
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Bitcoin was created in 2008 by a person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin is the original cryptocurrency, having started its public ledger in January of 2009. Bitcoin was initially worthless when its ledger first became available to investors, but the cryptocurrency has since become worth as much as $61,374.
Bitcoin uses a cryptographic proof mechanism known as Proof of Work, which provides consensus to the network of nodes that comprise Bitcoin. The proof-of-work algorithm validates transactions that are added to the blockchain, which updates the state of the blockchain.
How to Purchase Bitcoin
Bitcoin can be purchased on the most of the cryptocurrency exchanges that exist, including