What Is Bitcoin?
Bitcoin is a decentralized, peer-to-peer, "cryptocurrency" system designed to allow online users to process transactions through digital units of exchange called Bitcoins. Started in 2009 by a mysterious programmer, Bitcoin has generated plenty of interest and controversy as a "third" type of currency and an alternative to government flat currencies like the U.S. dollar or the euro or pure commodity currencies like gold or silver coins.
Bitcoin Advantage:
- User Anonymity
- No Third-party Interruptions
- Purchases Are Not Taxed
- Very Low Transaction Fees
- Mobile Payments