Bitcoin is the world first decentralized digital currency. This novel system for virtual money was first proposed by software developer Satoshi Nakamoto in 2008 and made available to the public in 2009. This is a world wide.This system allows members of the bitcoin community to mine new bitcoin using open source software to solve complex mathematical equation. The total supply of bitcoins that can ever be mined is capped at 21 million . A bitcoin is represented by the record of its transactions between different addresses. Addreses consist of randomly generated bitcoin sequences of letter and number. Users purchase bitcoin by using another sequence in the form of a private key that is kepto secret. Miners must verify all bitcoin transaction .
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