Question

Explain about bitcoin in simple words

Answer 1

Hello Nidhi

BITCOIN is a type of Crptocurrency which is used to make payments. it can be sold or purchased. Bitcoin is the largest crptocurrency in the World. 

It is an electronic currency which is not available in physical form, it is not available is printed form like rupee or dollars.

It doesn't require any central bank or single administration to operate it. It's administration is decentralized, it means no one controls it.

Value of Bitcoin

1 Bitcoin = ₹ 847010.82

Or 

1 Bitcoin = US $ 13000

The value of Bitcoin changes every second, thtswhy everytime if you check you will get different amount. It very fluctuating.

hope it helps
#jerri

Answer 2

Answer:

cryptocurrency

Explanation:

Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency - is a type of money that is completely virtual. It's like an online version of cash. ... People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people.