Bitcoin - Digitaly Encrypted Currency!

Bitcoin is the representation of a virtual digital currency. It has no physical form of coins or banknotes. It not based on a central authority. It’s not produced by any particular country. It’s not controlled by any particular bank. Its production, storage, handling and all transactions are exclusively made in electronic form. Bitcoin is a peer-to-peer payment system and a digital open source exchange.

Bitcoin is also called crypto-currency

As it uses cryptographic methods to create and manage and to confirm the validity of transactions. The idea of a distributed crypto-currency, partly proposed in 1998. In 2009 the Bitcoin made its first functional appearance with the release of the first open source client, and the creation of the corresponding Bitcoins.

The author of the publication and creator of the corresponding software remained anonymous, using the pseudonym Satoshi Nakamoto. The actual identity, or even whether it is an individual or a group, remains a mystery until today.

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