what is bitcoin how does it work bitcoin is a decentralized digital currency it operates without the oversight of banks and governments it's the first ever cryptocurrency slash the og satashi nakamoto bitcoin was created to allow online payments to be sent directly from one party to another without going through a financial institution the crypto market is roughly worth 1.3 trillion dollars with bitcoin representing 45 of the market bitcoin began life as a payments network bitcoin has involved into an investment asset holders consider bitcoin to be a store of value and often it's referred to as digital gold bitcoin transactions are verified by crypto miners via a proof of work consensus mechanism and usually takes up to 10 minutes to clear bitcoin is accepted as a form of payment by some online retailers and merchants such as amazon mastercard and walmart to name a few please hit like and subscribe
