What is Bitcoin?
Bitcoin is a digital asset and it was the first one of its kind to be introduced to the global market. Bitcoin has started the revolution of a decentralized form of currency. Bitcoin is also a global payment system that does not collaborate with any central banks or governments. The Bitcoin network facilitates peer-to-peer transactions, and users can participate without dealing with a middle-man. Cryptography verifies the transactions and they are registered on a public ledger, also called a blockchain. An anonymous person by the name of Satoshi Nakamoto created Bitcoin in 2009.
What is a Bitcoin wallet?
A Bitcoin wallet is a digital wallet where a person can store their Bitcoins. Technically speaking, a Bitcoin cannot be stored anywhere, because it comes with a private number for each Bitcoin address. This secret number is then saved in the Bitcoin wallet. Bitcoin wallets allow peer-to-peer transfers and gives ownership equity to the investor. A Bitcoin wallet comes in different structures, such as: mobile, web, desktop, and hardware.
How many Bitcoins can I exchange?
Anyone can own as many bitcoins as they desire.