What is Bitcoin and why is it so important?
Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency because the system works without a central repository or single administrator. The system is peer-to-peer, and transactions take place directly between users, without an intermediary. You can use them to send or receive any amount of money to anyone anywhere in the world at very low cost. Bitcoin payments are impossible to block, and Bitcoin wallets can’t be frozen.