There are several terms associated with Bitcoin. To understand the entire concept, we need to understand refer several websites. In this post, we will see Bitcoin details in brief.
What is Bitcoin
Basically, Bitcoin is a currency in digital format. Bitcoins can be created and stored electronically. There are no authorities that can control Bitcoins. Normal currencies like Dollars, pounds and rupees are printed on paper or in coins format. But, Bitcoins are not printed in any physical format. Bitcoins are created by people like you and me and these days by organizations who are using high end computers. These high-end computers are using certain software to solve mathematical problems.