Bitcoin - Bitcoin is a decentralized digital currency created in January 2009. It follows the ideas set out in a white paper by the mysterious and pseudonymous Satoshi Nakamoto. The identity of the person or persons who created the technology is still a mystery.
Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms do, and unlike government-issued currencies, it is operated by a decentralized authority. Bitcoin is stored using a bitcoin wallet.
Bitcoin price depends on the market. If there are more people who wants to buy bitcoins than those that are selling. Surely the bitcoin price will rise and vise versa.
Bitcoin can be use for paying purchases made online. It can be in a form of service or products. There are many online shops today that accepts bitcoin as a payment method. Bitcoin can also be use for online casino's and online trading.