Bitcoin is a technology developed by Satoshi Nakamoto, It is generated in the form of cryptocurrency or digital coins. It is a digital currency that you can send to other people. This may be as a gift, for services, or for a product. You get the idea — it’s just like the money we use in our bank accounts (USD, EUR, etc.).

But it’s digital; it isn’t physical. However, that isn’t all that makes it different. It’s also decentralized, meaning it doesn’t rely on a bank or third party to handle it. With Bitcoin, each transaction happens directly between users — it’s called a peer-to-peer network. This is all possible thanks to the blockchain. Bitcoin introduced blockchain technology to allow users to send and receive Bitcoin without using a third party. Because you don’t need a third party, you don’t need to identify yourself. You can make payments without revealing who you are etc.