Bitcoin

The physical Bitcoins seen in photos are considered as novelty and they are worthless without the codes printed in them. It is to be noted that each Bitcoin is a computer file which is stored in a digital wallet app on a smartphone or computer.

Individuals can send Bitcoins to our digital wallets and we can send Bitcoin to other people too. Every single transaction in Bitcoin is recorded in a public list entitled as the blockchain and tracing the history of Bitcoins is possible. It can be used to stop people from spending coins they don’t own, making copies or undoing transaction.