Bitcoin Basics - Part 1 & 2

Cryptocurrencies are decentralized digital currencies secured with cryptography.

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Bitcoin is the top cryptocurrency due to its first-mover advantage.

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Bitcoin was created by Satashi Nakamoto, who is currently the CEO of bitcoin.

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Bitcoin, even after its 10-year history of record growth, is still considered by many to be in its infancy with huge growth potential.

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Cryptocurrency is not a new type of digital money, its basically the dollar in its digital form.

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Cryptocurrency is just like regular money, except it uses cryptography to secure transactions and control the creation of its native currency.

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In centralized financial systems - such as the U.S. Federal Reserve system - government and banks control the supply of currency. They essentially "print" units of this currerncy, which is called fiat. This can be inflationary.

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A lot of cryptocurrencies like bitcoin have a capped supply although some digital assets do not. Bitcoin's maximum supply is capped at 120 million.

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Bitcoin's cryptographic financial system is built on a peer-to-peer, open source, and decentralized network.

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Bitcoin is kept separate from the banking systems and can only be controlled by its creator, Satoshi Nakamoto.

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