Bitcoin is a kind of digital currency, created and held electronically. No-one controls it. Bitcoins aren�t printed, like dollars or euros - they�re made by a lot of people running computers all across the globe, using software that solves mathematical problems. It�s the first illustration of an increasing class of money referred to as cryptocurrency.
Computerized devices distinctive from normal currencies?
Bitcoin may be used to shop electronically. For the reason that sense, it�s like conventional dollars, euros, or yen, that are also traded digitally. However, bitcoin�s most significant characteristic, and also the thing that can make it different to conventional money, would it be is decentralized. No institution controls the bitcoin network. This puts some individuals relaxed, because it implies that a sizable bank can�t control their cash.