What is Bitcoin and how it works?

Bitcoin is a new currency which is created in 2009 by an unknown person with the alias Satoshi Nakamoto, It is digital currency. Its transactions are made without middle man, meaning no banks,
There are many merchants getting accept bitcoin in market you can buy anything with bitcoin in eCommerce,

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When bitcoin start in 2009 its value was very cheap which was 1 bitcoin equal to some cents but these days in 2017 bitcoin value is above 2500 dollars.Bitcoin value vary time to time even each min its value has changed.
Bitcoin has made easy and cheap international payments because bitcoin are not tied to any country or subject to regulation. small business like bitcoin because there is no credit card fee.
Some people buy bitcoins for as a investment as its value go up they will get benefit as start of bitcoin in 2009 its value were to small like some cents and in current time its value is fluctuating above 2000 dollars.

People can send bitcoin to each other using mobile app and computers which is called send money digitally. Bitcoin can be stored in a digital wallet which is called virtual online bank account by this virtual account people can send or receive bitcoins and also can purchase any thing online or virtually with this virtual bank account.
Bitcoin wallets are not insured by FDIC.

No one know the future of bitcoin that what will happen with bitcoin, it is mostly unregulated but Governments are concerned about taxation and their lack of control over currency.

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