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Bitcoin is a cryptocurrency that was invented in January 2009. It does not have a physical existence, with balances solely on a public ledger accessible by everyone.
This decentralized ledger used to create, trade, distribute and store bitcoin is known as blockchain. You can think of it as the record-keeping technology supporting the whole bitcoin network.(...)
Cryptocurrencies are digital or virtual currency that uses cryptography to secure transactions and protect identities using blockchain technology. Unlike central bank currencies, cryptocurrencies don't rely on banks to verify transactions and don't exist in a physical form that can be handled. Instead, cryptocurrencies are purely digital entries on an online database describing all transactions taking place and recording them in a public ledger accessible to all.
The first of its kind was the Bitcoin which was developed in 2009, and since then, more have come into the mark (...)