What is Bitcoin ? and What is Bitcoin Wallet ?

Posted on 23 May 2016 at 03:57

What is Bitcoin ?

Bitcoin is a digital currency and a payment system invented by Satoshi Nakamoto. Bitcoins are introduced in 3 January 2009. The basic idea is that you can use it to pay for things without a third party broker, like a bank or government.

Bitcoins are created and held electronically. no one controls it. Bitcoins are not printed, they are produced by people. but to store bitcoins you need bitcoin wallet.

What is Bitcoin wallet ?

Bitcoin wallet is a account like bank account. which helps to store Bitcoins. Every Bitcoin has a specific address. There are three ways to access Bitcoin wallet. You can access them through your mobile (i.e Android, ios, windows phone, BlackBerry), through Desktop (i.e Windows, Mac, Linux), through web.

There are several Bitcoin wallet providers. You can choose your wallet by simply visiting Bitcoin.org. But I recommended for CoinBase wallet which I'm using.

To know more about Bitcoin You can visit at wikipedia.

or watch this short video :