The technology uses decentralized consensus to maintain the network, which means it is not centrally controlled by a bank, corporation, or government. In fact, the larger the network grows and becomes increasingly decentralized, the more secure it becomes.

Bitcoin can often refer to two things. First, the Bitcoin network that keeps track of our transactions and balances, and second, the currency that we use as the unit of value when we transact. We'll cover both here.

While our wallet is entirely free to use, there is a small fee included in your transaction that goes to Bitcoin Cash network miners, who help power the flow of BCH transactions. Our wallet will recommend a transaction fee, based on the current network conditions and your transaction.

Bitcoin’s existence began with an academic paper written in 2008 by a developer under the name of Satoshi Nakamoto.The paper described the foundation for what was intended to be a peer-to-peer electronic cash system that was secure, affordable, and efficient far beyond conventional banking standards.