What is Bitcoin?

A Bitcoin is a type of digital currency which started out as a simple currency. Over the past years, more and more people have started investing in Bitcoin. One Bitcoin now will be enough to help a person live comfortably for a little while. This is normally used for transactions online and there are proposals that this will be the universal currency in the world someday. People are still not too keen on this change.

There are some who still cannot imagine how life would be like if this would be the main currency that will be used. Experts say that this will only be used for online transactions in the beginning. Let us see if 10 years from now, this would take place.