Bitcoins and digital currency...
Bitcoin is a new kind of money that can be sent from one person to another without the need for a trusted third party such as a bank or other financial institution. It is the first global, decentralized currency.
Bitcoin is considered a store of value like gold, but it can also serve as a method of transferring funds internationally. The future value of a bitcoin will depend on what role(s) the Bitcoin network assumes over time in the global economy.
Bitcoin is secure. Due to the cryptographic nature of the Bitcoin network, Bitcoin payments are fundamentally more secure than standard debit/credit card transactions. When making a Bitcoin payment, no sensitive information is required to be sent over the internet. There is very low risk of your financial information being lost or stolen.
Bitcoin is resistant to fraud because of Its proof-of-work verification system. A proof of work is a piece of data which is very difficult (costly, time-consuming) to produce which satisfies certain requirements. Producing a proof of work can be a random process with low probability so that a lot of trial and error is required on average before a valid proof of work is generated.
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