What is Bitcoin and is it any good?

Bitcoin is a digital currency, a decentralized system that records transactions in a distributed ledger called a blockchain . Bitcoin miners run complex computer rigs to solve complicated puzzles in an effort to confirm groups of transactions called blocks.

Bitcoin was created as a way for people to send money over the internet . The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies.

You can easily trade bitcoin for cash or assets like gold instantly with incredibly low fees. The high liquidity associated with bitcoin makes it a great investment vessel if you’re looking for short-term profit . Digital currencies may also be a long-term investment due to their high market demand.