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Bitcoin is digital currency. It was created by the mysterious Satoshi Nakamoto in 2009 and started to gain a lot of attention in 2012. Rising from an exchange rate of about $163 per Bitcoin at the end of 2012 to a rate of about $2500 presently, Bitcoin is the most valuable form of online money today. Bitcoin is not a physical currency and offers the advantage of anonymity over real cash during transactions across the internet.
The Bitcoin system has a global database called the blockchain, where records of all instant Bitcoin transactions are kept. This live Bitcoin address are a string of numbers and letters which have two important parts known as the public key and the private key. Sending Bitcoins to other users is as simple as inputting their public key, and choosing an amount to send while receiving bitcoins from other users is as simple as sending them your public key.
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