What is Bitcoin?

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

What is Ethereum?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.

Ethereum was created in 2015 by Vitalik Buterin and his team.

What is a cryptocurrency?

A cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.

Bitcoin, Ethereum, and cryptocurrencies are gaining popularity as a digital asset and payment system. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin, Ethereum, and cryptocurrencies are unique in that there are a finite number of them: 21 million, 100 million, and infinite, respectively.

What is finance?

Finance is the study of how people allocate their resources over time to produce the greatest amount of goods and services. Finance is the science of money and how it is used.

What is an exchange?

An exchange is a marketplace where buyers and sellers trade assets. Exchanges can be physical or digital, and can be centralized or decentralized.

Bitcoin, Ethereum, and cryptocurrencies are gaining popularity as a digital asset and payment system. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin, Ethereum, and cryptocurrencies are unique in that there are a finite number of them: 21 million, 100 million, and infinite, respectively.