Bitcoin is a digital currency that is not controlled by any central bank. It is also called as virtual currency or crypto-currency. It was created by Satoshi Nakamoto in 2009 and has been gaining popularity ever since. The name Bitcoin is derived from “bitcoin”, which is an alternative name for the digital currency. The word bitcoin is short for “bit coin”. Bitcoins are not physical coins, but are stored in a digital wallet on a computer. The value of a bitcoin depends on supply and demand. The supply of bitcoins can be increased only when new bitcoins are mined. When a bitcoin is mined, it becomes part of the supply and its value increases.

When you purchase a bitcoin, you are actually buying a right to own a certain amount of bitcoins in the future. As more people buy bitcoins, the value of each bitcoin increases. The number of bitcoins in circulation is limited to 21 million.

How safe is cryptocurrency? The security of cryptocurrency is ensured by the cryptography used to create the digital currency. The encryption algorithms used are highly secure and difficult to crack. You can safely store your bitcoins in a digital wallet. However, the risk of losing your bitcoins is still present. If your digital wallet is lost, you may lose all the money stored in it.

Why you should invest in cryptocurrency? You should invest in cryptocurrencies because they offer higher returns than traditional investments. They also have the potential to become a major global currency. There are many advantages of investing in cryptocurrency. One of the biggest advantages is that you don’t need a bank account to invest in them.

You can buy and sell cryptocurrency with other investors and merchants using the internet. If you invest in cryptocurrency, you will get a steady return on your investment. You can use your earnings to fund your retirement plans or to start a business. Investing in cryptocurrency is an ideal way to diversify your investment portfolio.