Bitcoin was launched as a private initiative in 2009. Unlike traditional currencies such as the euro, pound sterling and the dollar, it’s not controlled by the central monetary authority. On the contrary, it is supported by peer-to-peer computer users. This is similar to how Skype, a video chat service is active.
The basic unit of the bitcoin value. But every bitcoin mining can be divided into satoshies. A similar Satoshi 100000000 a bitcoin (bitcoin is distributed to eight decimal places).
Bitcoins and satoshies can be transferred from one user to another Internet to pay for goods or services at almost zero cost. It allows you to make without having to mess around with the exchange rate and heavy bank charges. International transfer Bitcoins can be bought and sold for money traditional special grant.