Bitkoin Africa Blog

What is Bitcoin – A Guide to Understanding Bitcoin

What is Bitcoin? In the last one year, you’ve probably heard about Bitcoin a lot and you’ve been asking What is Bitcoin? This article hopes to explain it as simply as possible. Bitcoin is a worldwide distributed electronic currency and payment system. It is described as a decentralized digital money or currency because it is not hosted in one place and is peer-to-peer. This means transactions with Bitcoin take place between one Bitcoin owner and another Bitcoin owner. The system…