What is Bitcoin and how does it work? Is it legal? Who's behind it?

What is Bitcoin and how does it work? Is it legal? Who's behind it? What is Bitcoin? Bitcoin is the first global, decentralized currency that allows you to send money from one person to another without involving a third party broker, such as a bank. You only need your computer to make transactions because Bitcoin is fundamentally software. As a decentralized currency, Bitcoin isn’t controlled by anyone. It’s open so that anyone can benefit from it. You might think that the lack of control could mean chaos, but that’s not true at all. That’s because Blockchain, the technology behind Bitcoin is one of the most accurate and secure systems ever created. How Does Bitcoin Work? A blockchain is a ledger that keeps records of digital transactions. Instead of having a central administrator, like a bank or the government, blockchain organizes data in batches ( What is a blockchain, and why is it growing in popularity? ) called blocks. These data batches use cryptographic val...