What is a Bitcoin? A person using the alias Satoshi Nakamoto created the currency termed Bitcoin in 2009. Bitcoin has become very popular and has been instrumental in launching many other crypto currencies, which are collectively known as “altcoins”. The common term for Bitcoin in “BTC”. The transactions are made on a one to one basis, person to person and there is no need of any financial institution like bank. Moreover, no physical bit coins exist. Only balances are maintained in a public ledger that is easily accessible to individuals. It is mainly used in trading. The Basics of Bitcoin Bitcoin is akin to virtual money also termed as digital currency or as the technical term is crypto currency. It is likened to “online money”. It has started being used a valid currency to purchase products and services, but it still is limited in its acceptance. However, seeing its growing popularity, many companies are now starting to accept Bitcoin. PayPal ...