What is Bitcoin?
Bitcoin, the first cryptocurrency available for public mining and trading was introduced in 2008. Satoshi Nakamoto released the digital coin with an aim to eliminate the dependency on the central banks and government for the regulation and circulation of the currency. Hence, it is completely transparent and not controlled by any individual or a group of individuals. On the contrary, the entire system is decentralized. With mining, new bitcoins are introduced into circulation. Also, it is a highly secure form of payment.