What is Bitcoin (And How Does It Work)?

Bitcoin was introduced as the first ever cryptocurrency in the market in 2009. It is a decentralised currency that you can buy and sell without an intermediary such as a bank. As opposed to fiat money (which is backed and regulated by the government), Bitcoin is powered by peer-to-peer technology and software driven cryptography. It is a currency backed by code instead of items with a physical value like the US dollar…