Bitcoin is a form of cryptocurrency found in 2008 and has since then survived and has been accepted by online merchants around the world as real currency.
To put it in simple words and yet say what Bitcoin is capable of, we can say “Bitcoin is to Banks what Email is to Post Offices.” Bitcoin has a mass appeal and due to its deregulation, irrespective of where you reside you can start using and trading through Bitcoins.
Bitcoins are traded on Bitcoin based exchanges just like how international and local currencies are traded at the exchanges
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You've tried google? No?
http://en.wikipedia.org/wiki/Bitcoin
http://bitcoin.org/en/
It's a form of online currency meant to keep banks out of financial transactions. From what I understand, it's not easy to track the money to see where it's coming from or going to.
bitcoin.org/en/
money that incorporates computer encryption, it removes the need for banks and allows funds to be transferred free of governmental controls.
and oh yeah, you can buy drugs on line with them
