Amazing Digital currency : Bitcoin

  • Bitcoin is a cryptocurrency and a digital payment system, implemented as open source and released in January 2009 by unknown programmer or group of programmers
  • It is a digital asset,It is commonly referred as digital currency, digital cash, virtual currency, electronic currency, or cryptocurrency
  • The question whether bitcoin is a currency or not is still disputed
  • Bitcoins can be bought and can be sold on- and offline, you can buy stuff by using bitcoins
  • As of February 2015, over 100,000 merchants and vendors was accepting bitcoin as payment like Dell, Microsoft, PayPal,, Expedia etc
  • It being used in illegal activities like money laundering, black market, malware etc

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