What is Bitcoin and How it works?

digital currency :Content Written by: Arzoo Zaheer

Bitcoin

Bitcoin is a currency which exists virtually. It is also called digital currency. It is not like other currencies like pound, dollars, euros, etc. Bitcoin has been used as an alternative to physical currency for buying and selling of services and goods. This currency was the first cryptographic currency. It uses the method of cryptography for security, administration, and creation of digital currency.

Bitcoin was originated in 2009. Still, it is not a confirmed whether it involves an individual or a group of people naming Satoshi Nakamoto. Bitcoin came into consideration when the value raised from $22 in February to $266 in April. This emerging was only in a two month period. There was 10 million Bitcoin issued at its peak. And the market value of Bitcoin was boosted to $2 billion.