Invented in 2008, Bitcoin is digital money. It is money just like dollars or euros, only it’s not owned by a government or in fact any person or any organisation.
Bitcoin is a peer-to-peer system for online payments that does not require a trusted central authority. It’s just like sending an email, there is no one in the middle. Over $500 Million worth of transactions are made securely each day on the Bitcoin network.
Bitcoin has proven itself to be faster, more private and more secure than existing banking systems.