04
May
The digital currency bitcoin has exploded in popularity since it began in 2009. What is bitcoin? Bitcoin is a type of digital cryptocurrency. There are others out there as well, such as Ethereum, LiteCoin, Neo, Monero etc — these non-bitcoin cryptocurrencies are often referred to online as altcoins. The main feature of cryptocurrencies is that they operate on a decentralised peer-to-peer network, with no central authority or government backing. You can pay bitcoin to someone else and there's no bank to go through to make that transaction, just a peer-to-peer networked program on your computer.Bitcoin welcome: The currency is being…