Bitcoins is a virtual or digital means of currency exchange and payment for goods and services.It uses a cryptographic means of validation to make transactions. HISTORY ''''''''''''''''' It was established in 2008 but only gained popularity during the recession crisis in USA and Eurozone in 2012.Was approved by congress late this year. Security ''''''''''''''''' The users own wallets which contain their public identity known as adresses.The wallets are protected by both public and private keys.A public key is open to the public whereas private key is secret and owned by the owner of the wallet.The private key protects users info and access by hackers to their accounts.Its accountability has been questioned as many users have lost their money through the private keys. This prompted analysts to suggest,paper private keys as the safest means in transacti...
