What the Heck is a Bitcoin?

What Is Bitcoin? 1 of 16

The Bitcoin is a digital currency that is entirely anonymous and isn't controlled by any government or entity. Existing on peer-to-peer digital forum, consumers purchase Bitcoins and store them in an online Bitcoin wallet free of banking or government intervention. The popularity of Bitcoin has soared to astounding heights in a speculative market, which has guaranteed the existence of a Bitcoin bubble. Based on complicated mathematics and cryptography, the rise of Bitcoin has converted a wealth true believers through its promises of total anonymity while eliminating the possibility of government-bred inflation.