This is a digital currency which means there are no coins to create or paper currencies to print. It is not governed by any financial institution or any other type of government body. It is decentralized and the owners that have Bitcoins are kept anonymous. They do not have any social security numbers, account number, name or any other identifying features. Hence, it is difficult to know who owns a bitcoin.
This digital currency uses a blockchain technology along with encryption keys to connect the sellers and buyers. Bitcoins are mined just like diamond and gold. They are mined using the extremely intense computers.
Will the digital currency replace the existing government-controlled, centralized money? In the 2018, it will be interesting to see how the future of Bitcoin takes shape as the technology matures.
Bitcoin Apps for Android
Download Bitcoin Wallet Apk for Android
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Download Coinbase Apk for Android