Bitcoin is controlled/owned by its users rather than any authority or government. Initially, the new bitcoins require to be mined, and the miners receive some bitcoins in return. It can be further sold off to other individuals.Bitcoin...It is an electronic currency created back in January 2009. It is known to be decentralized electronic cash that does not rely on banks. It is possible to send from one user to another on the bitcoin blockchain network with the necessity for mediators. It is primarily used for sending or receiving cash through the internet even to the strangers.It has been created by an individual known as Satoshi Nakamoto. Besides, the bitcoins are typically handled without specific rules by the central government, unlike dollars and euros. It is not owned by a country, individual, or group. Therefore, it reduces the chances of corruption and inflation.
