What is Bitcoin?

We need a currency for transactions, and each country has its own currency to enable its people to transact uniformly. Currency is deeply interrelated to financial institutions – they help carry out currency transactions of all kinds, and charge a fee for making them happen. One currency that does not fall in this standard category is the Bitcoin.

What is Bitcoin?

Bitcoin is a new form of currency; it is a digital currency and payment system.

More about Bitcoin

The word Bitcoin is actually a compound word whose components give a clue of what it is about: bit and coin.

Bitcoin is Different from Regular Currency

Bitcoin is in its primary function like any other currency. It helps people transact, though only digitally. However, where it differs from other currencies is in its characteristics.

Even though there is no government regulation relating to Bitcoins, there are a few things to know.

Advantages of Using Bitcoin

There are numerous advantages to using Bitcoins.

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