A bitcoins is a type of computer file that is stored in a phone or computer in a ‘digital wallet’. We can send bitcoins to a person then he can send it to another in a form of electronic cash by digital wallet app. Each and every single transaction of bitcoins can be recorded in a public list which is called the BLOCKCHAIN which can make it possible to trace all the history of the transactions of bitcoins to control, bitcoin faucet and to stop the person to from spending coins which they do not own.
Features of Bitcoins
Day by day the usage of bitcoins is increasing at the accelerated pace geographically.
Basically, there are many more benefits of bitcoins in which one of the most important benefits is that they are out of the purview from the banks and governments and any other intermediaries so that no one can interrupt the transaction of users or freeze the bitcoins accounts.
The transactions of Bitcoins are relatively much faster in comparison to bank transfers in traditional currencies and it can be done with a nominal and sometimes at zero charges. The transactions of cryptocurrency like bitcoins are unremarkable as there is no name involved. But the transaction is in a public record which anyone can see it.
There is a private key which is the only link between any individual or their bitcoins, the security of your money totally depends on o private key as long as the key is secure the money is totally secure.