Introduction to Bitcoin
Bitcoin is a new cryptocurrency currency in the digital world. To begin with, the bitcoin network isn’t under control of any one central authority. Which means, no banks! No need of heavy fees for transactions. No need of central authority’s order to confirm the transaction and you can carry out transactions anonymously. Also, bitcoin stores details of every single transaction that ever happened in the network, in a huge version of a general ledger called the blockchain, which keeps a record of every transaction and verifies them through proper ways.
Bitcoin is pretty much like cash for the internet and is used to purchase things electronically.