An anonymous person or group, using the pseudonym Satoshi Nakamoto, created bitcoin in 2009. It's a decentralised currency, meaning no one in the government or financial institution controls it. The bitcoin is based on a technology called blockchain, which is a public ledger that records all bitcoin transactions. Each transaction is verified by a network of computers and added to the Blockchain, which makes it secure and transparent.

The ability for peer to peer transactions, which does not require intermediaries such as banks or payment processors, is a key feature of bitcoin. You can complete transactions anonymously and from any location on the globe in a short time.

Bitcoins can be bought and sold on exchanges, with the option of using it to buy goods or services from merchants accepting bitcoin as payment. A few have also been investing in bitcoin as a speculative asset, with the hope that its value will be increased over time.

While bitcoin has become popular as a crypto currency, it faces an array of problems. Bitcoin's value can be volatile, and due to its anonymous nature it has raised concerns about its use for illicit activities. In addition, the technology behind bitcoin is still very new and has not yet been tested; a debate over its longer term viability as currency remains ongoing.

 

While there are different ways to earn bitcoin, one should bear in mind that it's difficult to make money with Bitcoin and offers where you would be able to receive a gift of digital currency need to be monitored carefully because some may be scams. You may be able to earn bitcoins in the following ways:

 

 For a simple task like solving captcha, watching ads or playing games, Bitcoin faucets are websites and apps that will give you small amounts of money in exchange for your completed tasks. The amount of bitcoin that can be earned from faucets is usually low, but it's always going to add up.

 

 In bitcoin mining, it is necessary to use specialised hardware in order to determine complicated math equations that validate transactions on the Bitcoin network. For their efforts, the miners will receive a reward in Bitcoin. It is true that mining requires substantial investments in infrastructure and electricity costs, which are not economically viable for most people.

 

Some companies offer Bitcoin affiliate programs, which allow you to earn Bitcoin by referring new users to their platform. You'll earn a commission on any fees or transactions made by users you refer.

 

 airdrops are offered by a number of companies and new crypto projects, in which they make their tokens or coins freely available. In some cases these airdrop coins can be exchanged for bitcoin or any of the cryptocurrencies.