Bitcoin is a cryptocurrency that is used to buy things online but, it doesn’t have a physical presence it’s a digital currency that is kept on a public ledger in the cloud.
It has a public key similar to the bank account and a private key similar to the ATM PIN.
Bitcoin was created back to 2009 by the anonymous Satoshi Nakamoto as no one really knows who invented this great currency. It all started with an open source software created by a mysterious programmer of a mysterious group of programmers.
It uses peer-to-peer technology (P2P) which got used while exchanging information, data or currencies trading between parties (Individual or Groups).
Nowadays, bitcoin nearly worth $11,700
Above, ilead has tackled the “What is meant by Bitcoin” in details. Keep tuned for ilead blog.
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