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What is bitcoin? You may be one of the many people who wonder how bitcoin prices continue to soar. Actually what is bitcoin?
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What is Bitcoin?
Many people think that Bitcoin is a very confusing thing, but Bitcoin is something that is simple to understand.
If asked what is bitcoin (abbreviated BTC), then the simplest explanation is:
Bitcoin is a decentralized global transaction cash system.
Based on the journal written by the discoverer (reported in Bitcoin.org), actually Bitcoin is: A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Have you ever imagined how the system of transactions (selling, buying, money transfer) occurred? Yes there is always a third party to mediate, eg: bank (interbank transfer), Visa, Mastercard, Paypal and so forth. Did you (from Indonesia) ever buy items on Amazon or Paypal? What does the payment system overseas look like? Example of using your existing Visa logo credit card, how about the payment going to work?  Visa and mastercard credit cards, two types of credit cards that are often used for online payment in Indonesia.
As we know with every institution of financial service providers (including banks) must have their accounting books. Certainly there is time, energy and expenses to be incurred in order to run the transaction. That's why we (paracustomer) charged a charge (charge).
Continuing our initial discussion, what is Bitcoin? Bitcoin replaces and transforms the cashbook system into a global accounting system. Of course the benefits are reducing time and cost.
Who Invented Bitcoin?
There are many people who say that Bitcoin is created by someone, when every great discovery is always done by a group of people (one team).
Bitcoin is discovered by a team or group of people by the name of Satoshi Nakamoto.
Bitcoin system designed by Satoshi is open manner, meaning that programming code can be seen and checked by everyone in the world.
Thus, there are no hidden secrets and the creator has no conflict of interest.

Satoshi Whitepaper's document describes the Bitcoin system
If you are interested to know what kind of programming language or Bitcoin algorithm, then you can research Satoshi Whitepaper.
The 9-page journal explains the mathematics and algorithms of a Bitcoin. You can download the journal material at Bitcoin.org (documentation).