What is BitCoin ? – BitCoin Explained in Simple Words

Now a days people are crazy for Bitcoin and all other crypto currencies. BitCoin is made with tow different words.

Bit and Coin so in short we write it as Bit Coin. Bit means a bit of information in computer technology and Coin Means a piece of money.

So What is Bitcoin the name of Bitcoin is saying itself its about a currency related to computer or Internet. BitCoin is a currency which is used in internet world to buy or sale different stuff.

BitCoin is a Crypto Currency it means this is currency which is highly encrypted by complex computer algorithms for security reasons.

Now a days BitCoin is not easy to buy its market value is increasing day by day. But investors are still investing in Bitcoin they believe that it is a profitable business. But now a day’s bit coin is not profitable enough.



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