Bitcoin is a decentralized digital currency, without a central bank or single director, that can be transferred from stoner to stoner on the peer-to-peer bitcoin network without interposers. It was created in 2009 by an unknown person using the alias Satoshi Nakamoto.

Bitcoin are stored in a digital portmanteau and can be used to buy goods and services or traded for other currencies. Deals are recorded on a blockchain public tally, allowing transparency and security. The force of bitcoins is limited, with only 21 million ever to be created, which adds to its value as a scarce digital asset.

Bitcoin operates on decentralized system, meaning it isn’t subject to government or fiscal institution control and offers a position of obscurity for its druggies. Despite its implicit benefits, the use of bitcoin is only occasionally accepted, and its unpredictable price and association with illegal conditioning have made it a controversial and frequently misknew asset.