Bitcoin is an electronic currency created back in January 2009. It is known to be decentralized electronic cash that does not rely on banks. It is possible to send from one user to another on the bitcoin blockchain network with the necessity for mediators. It is primarily used for sending or receiving cash through the internet even to the strangers.

It has been created by an individual known as Satoshi Nakamoto. Besides, the bitcoins are typically handled without specific rules by the central government, unlike dollars and euros. It is not owned by a country, individual, or a group. Therefore, it reduces the chances of corruption and inflation.
Bitcoin is continuously increasing in popularity across the world. The crucial difference between actual cash and bitcoin is that it can be utilised without the need for internet access. It is very tough to identify the address of the users until they connect a bitcoin address to their name. The users are not tracked by bitcoin usually, although the addresses where the money is stored are continuously tracked. There are two vital parts of every address, for instance, private and public.
Nowadays, the usage of bitcoin is increasing across the world. Many individuals use it to receive or send money with the use of the internet. Besides, it also allows exchanging the cash without revealing the original identity connected to it.