WHAT IS BITCOIN

      Bitcoin? You probably heard that or read that word. I know there are some questions in your mind what and how to use it. You're lucky because you are looking for answers to that question because of the fact that few percent of the population knows this and others have no interest in knowing it so I assure you that someday they will be forced to use bitcoin.

      Bitcoin is called virtual currency, but a better term is cryptocurrency. Unlike physical money, there are no coins or paper money officially produced. No government entity decides how much and when to release it into the world. Bitcoins are created digitally by people as they solve complex math problems with their computers. In many senses, it is truly decentralized.

      One of the interesting things about this virtual currency is that all transactions are stored and published publicly. The currency is traded via a vast peer-to-peer network that encompasses the entire globe. While there aren't a lot of rules regarding Bitcoin, there are some, and this helps with making bitcoins a genuine currency that works like "normal money."

       Bitcoin is a kind of money that does not use paper. These numbers are on the computer screen or smartphone with the equivalent value in our money. It is called Digital Currency. What is Digital Currency? For the better we understand, let's first look at the history of money. Let's divide it into three parts.