By | 2017-09-13T12:55:29+00:00 13th September 2017|

Bitcoin is a cryptocurrency that was created in 2009. Bitcoins cannot be replicated as they are protected by computer security, known as cryptology. As they are virtual, there are no physical bitcoins and the ledger of their historical existence and who owned them is stored on the internet, in the blockchain. Owners of bitcoins access them through keys, essentially a user name and password, but in fact strings of numbers and letters linked through an encryption algorithm.