Bitcoin is a decentralized digital currency that is not controlled by any bank or government.
Transactions are stored on a distributed ledger called the blockchain. Transactions are validated by computers on the bitcoin network; this network is very powerful and spans the globe.
Bitcoin was created in 2009 and since then it has achieved global recognition. Bitcoin can be used to purchase any item where the seller is willing to accept it as payment. It can be transferred to anyone in the world very quickly and with very low fees.