Bitcoin is a cryptocurrency invented in the year 2008, by an unknown  group of people, the currency began to use in the year 2009.

Bitcoin is a decentralized digital currency,  without a central bank or a single administrator that can be sent from user to user on a peer to peer bitcoin network without the need of intermediaries.

Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called blockchain.

Bitcoins are created as a reward for a process called mining, they can be exchanged for other currencies, products and services.

Bitcoin promises to offer lower transactional fees than traditional online payment  mechanism.

 

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