Bitcoin is a digital currency or computerized money which is decentralized or not governed by the government, there is no requirement of a national bank or an administrator tosend from one client to another client over distributed bit-coin network without the necessity for mediators. Exchanges are authenticated hrougha network process by cryptography and recorded in a publicly disseminated record known asblockchain (it is the collection of the exchanges transactions)Bitcoin is known as the father of cryptocurrencies. To keep the transaction secure between clients it uses the network process of cryptography. There is no physical money, only balances kept on a record-keeping system known as a public ledger. Each record is encrypted (converted into code, especially to prevent unauthorized access) and has access to everyone. All the transactions of bitcoins are verified by the huge amount of competency of computer via a process called "mining”

Cryptocurrencies; cryptography; bitcoin; computerized; authenticated; decentralized