Bitcoin is well known as the very first decentralized digital currency around the world. Bitcoins are basically coins, which can be used only through the Internet.
Bitcoin is a virtual currency
Actually, Bitcoin is a virtual currency. It doesn’t exist in the real world as the physical form of the currency and coin that we use in every daily life. This is electronic or electrons money that you can see, send, invest and even save but can’t feel like real currency or money physically. The Bitcoin money can only be utilized for the purpose of any online Internet investment or purchase.
Can be operated online
Bitcoin was created as a medium of exchange, which is not at all controlled by a government’s central bank, but rather by consensus of its users and nodes. Distributing open source software creates it and it can only operate online with the help of your computer or laptop and fast Internet speed. Even you can use with your Android smartphones.
The transactions are private
All the bitcoin transactions are private and secure. You will be surprised after knowing that Bitcoins have no real world existence. They exist only in the computer software world as a kind of virtual reality. Bitcoin money doesn’t exist in a physical form as Monopoly money in the Earth. If you have any doubts about the Bitcoin, you can easily do research on the Internet and you will able to see plenty of information.