Bitcoin is one of the latest innovations of the financial world known for its transparency and decentralization.
Bitcoin is created digitally through the process of “mining” which involves solving complex math problems with computers.
Bitcoin users need to set up a bitcoin wallet to be able to receive, store and send bitcoins to other people in the network.
The bitcoin wallet comes in a variety of forms – desktop, mobile, web, paper and hardware.
Nowadays, Bitcoin can be traded for euros, dollars, yen and other currencies in real time.
Bitcoin’s price fluctuates based on the number of people who want to buy or sell it at a given moment.