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What is Bitcoin | mining | is bitcoin illegal | what is the price of bitcoin | is bitcoin safe for investing Bitcoin is a virtual currency . It started in the year 2009, which has now gradually become so popular that the price of one bitcoin has reached the equivalent of lakhs of rupees. It is also called cryptocurrency , as it uses cryptography for payment . That is, now this currency can also be called future currency . How does the transaction: For the transaction of bitcoin , the consumer has to send a message of payment through digital means connected to the private key (key) , which is verified through a worldwide decentralized network . Payment through this is unlike payment made through debit or credit card . Bitcoin is a virtual currency, used only for online transactions. Due to huge fluctuations in the value of bitcoin, the question often arises as to whether it is capable of acting as a currency… Since it is not supported by any central bank , it is exchanged in private . ...