What is Bitcoin?It is the first decentralized digital currency, as the system works without a central bank or single administrator. First Bitcoin ledger starts at 3th January 2009 with the total supply limit of 21 millions unit.
How Bitcoin Mining WorksWhere do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government.
With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.