What is Bitcoin?

While much of the world is still busy playing around with physical money, there is a new currency on the web called bit coin that has become a popular alternative to other forms of currency. The bit coin payment process is easy. It is also extremely secure. Paying with bit coin allows for people to engage in truly private transactions on the web. Forget needing to make payments through middle men. It’s not even necessary to involve one’s bank to make a bit coin transaction happen. Aside from being a type of Internet currency, bit coin is not vulnerable to the usual bank practices of currency manipulation. Rather, specialized coding procedures are used to ensure the stability of bit coin and prevent these manipulations from occurring. Now anyone can use this decentralized currency. All that a person needs to get started is a computer or similar smart device that can access the Internet.