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What exactly is a bitcoin, and how does it function?

According to Satoshi Nakamoto, the anonymous creator of Bitcoin, Bitcoin is “a purely peer-to-peer version of electronic cash that would allow online payments to be sent directly from one party to another without going through a financial institution.”

Is it possible to buy a house with bitcoin?

Yes, you can use cryptocurrency to buy real estate by conducting a wallet-to-wallet transaction or by utilising BitPay’s crypto-to-fiat services. What type of cryptocurrency can I use to purchase real estate? Bitcoin and Ethereum are the most commonly used cryptocurrencies in real estate transactions.