GENERAL INFORMATION YOU SHOULD KNOW ABOUT BITCOIN

WHAT IS 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 EXCLUSIVES

Next, we're going to take a look at some of the ways that Bitcoin is different than traditional
currencies. It's these differences that make Bitcoin such a powerful possibility. One of the
main differences is that Bitcoin is decentralized. No one person, corporation or government
controls the Bitcoin network. This isn't the only difference, however, so let's take a look at
some things that are exclusive to Bitcoin.