What are bitcoins?
Bitcoins are virtual money. it's a type of currency that allows people to buy goods and services and exchange money without involving banks, credit card issuers or other third parties.
It is an electronic or digital currency that is decentralized and has no central authority controlling it. It can be sent from one person to another, but without a central bank or the government trying to track it. While no one authority controls the generation of the coins or tracks them, the system that hinge on cryptography is designed in such a way that the network maintains a foolproof system to record every transaction as well as tracking issuance of the currency. You can be as sure of the payment as you would on receiving physical currency notes, with the same anonymity ascribed to it but the transac...
