Bitcoin is a Cryptocurrency. Bitcoin uses peer-to-peer technology to operate with no central authority or banks. Managing transactions and the issuing of bitcoins is carried out collectively by the network.
- Its rate is much higher than a US Dollar. Once it used to be equal to $1000.
- It can be used to make hassles online transactions.
- It is very fast and reliable.
- It wont charge any transaction cost for payments made across different countries too.