Bitcoin: Definition, origin and risks

Bitcoin is a virtual ‘cryptocurrency’ traded much like real money.

Bitcoin is a virtual currency known as a ‘cryptocurrency that can be traded between buyers and sellers much like “real” money is.

One of the very first and most high-profile cryptocurrencies launched, Bitcoin is also the most well-known of this virtual money. Bitcoin first emerged in 2009 and its creator is allegedly called Satoshi Nakamoto, though several theories exist as to Nakamoto’s real identity, according to Business Insider.

A bitcoin is essentially a digital computer file that is stored in something called a digital wallet, which can be accessed by software and apps.

Visit for more on Bitcoin, including

Why is Bitcoin Used?

How are Bitcoins Produced?

Is Bitcoin Safe?

Problems with Bitcoin.