Bitcoin is a type of digital currency that was digitally created in 2009 by Satoshi Nakamto, a software developer. This cryptocurrency can be used to buy goods and services electronically. Bitcoin isn’t like normal currency as it doesn’t need to be printed. It is created and held electronically.
Additionally, Bitcoin is different from conventional forms of currency as it is decentralized. This means that a single authority or institution doesn’t control bitcoin the way world banks control the dollar or euro currency, for example.
Bitcoin is very secure as it stores every detail of each transaction in the Bitcoin network so it is completely transparent. The currency is easy and fast to use, the transaction fees are also considerably lower than what the bank might charge for an international transaction.
