Bitcoin is a revolutionary payment network as well as a new type of currency.

On January 3, 2009, the first and most valuable cryptocurrency was released. Since then, its value has risen gradually, although it has also experienced a number of dramatic changes. On a daily basis, the price of Bitcoin has varied from a record high of $60,000 to below $30,000.

Peer-to-peer technology enables Bitcoin to operate without a central authority or bank; the network manages transactions and issues bitcoins. The design of Bitcoin is open-source; no one owns or controls it, and anybody can participate. Bitcoin’s unique features enable a slew of previously unimaginable uses for the currency.