What is a Bitcoin?

What is Bitcoin, and how does it differ to other forms of digital cash?

Bitcoins can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally. Bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the Bitcoin Network. This puts some people at ease, because it means that a large bank can’t control their money.“Bitcoin” is a Virtual Currency, Not a Security. Stocks and Bonds that you may purchase through a stock Broker or Securities Dealer are “Securities” and are completely different from investing in Bitcoins

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