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What is Bitcoin? Bitcoin is a descentralized digital currency created and stored digitally. Bitcoin currency is not printed like traditional currencies instead it is forged by people and this days by businesses from all around the world using custom developed software that solves complicated cryptography mathematical problems. The differencies and similarities between normal currencies and Bitcoin Bitcoin is used as form pf online payments, trading just like normal currencies. The main important characteristic of Bitcoin is that it is decentralized. In comparison with the dollar, euro or yen that are controlled by governments bitcoin is a form of currency that is not regulated by any kind of government or large bank. Bitcoin was originally created by Satoshi Nakamota that started with the idea of building a currency independend of authorities, easily transferable ecltronically with the capability of using ultra low transaction fees. The most important characteristics of Bitcoin 1. Decentralization…

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