What is Bitcoin?

Bitcoin is used by peer-to-peer technology to operate. Bitcoin has no central authority or banks to manage overall transactions of the crypto and the issuing of bitcoins is totally carried out collectively by the peer-to-peer network.

You can say that Bitcoin is a decentralized digital currency and digital money, without a central bank or single administrator, that can be sent on the peer-to-peer bitcoin network without having the need for intermediaries. Therefore, Transactions are verified by the network nodes only through cryptography and recorded in a publicly distributed ledger which is called a blockchain.

What is Bitcoin Calculator?

The Bitcoin Calculator is a cryptocurrency tool that allows you to convert any amount of bitcoin (up to six decimal amounts) including your own other preferred world currencies. A Bitcoin calculator is a great tool that allows you to determine you’re earnings and how much you would have earned or lost from your bitcoin investment.

  • bitcoinBitcoin$27,836.00-2.16%
  • ethereumEthereum$1,751.11-4.64%
  • tetherTether$1.010.12%
  • binancecoinBNB$320.53-3.28%
  • usd-coinUSD Coin$1.010.34%
  • rippleXRP$0.421431-5.75%
  • cardanoCardano$0.363922-3.88%
  • dogecoinDogecoin$0.074283-4.66%
  • staked-etherLido Staked Ether$1,743.82-4.58%
  • matic-networkPolygon$1.09-4.68%

Currency Converter BTC/USD: Fri, 24 Mar.


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        Virtual Currency

        Digital Currency

        Digital currency is a form of currency that exists and is available only in digital form. Digital Currency can be used for transactions over the facility of internet. Unlike physical currency, it is not owned and controlled by any government or central authority, and it is not backed by any physical commodity like physical currency. Digital currencies are decentralized and use encryption techniques and technology to secure and verify every transaction, as well as to control the creation of new units of digital currency. Examples include digital currencies like Bitcoin, Ethereum, and Ripple.

        Digital Money

        While Digital money refers to electronic or digital representations of traditional fiat currencies in the country (such as US dollars, euros, or yen), as well as includes new forms of digital currencies that exist only in the digital world using internet facilities. It can be used to make buying, purchases, transfer funds, and store value just like a traditional physical currency or physical money, but without the need for physical cash. Digital money can take the form and shape of wallet mobile money, electronic transfers, digital wallets, and other forms of digital payment systems in the world. It is becoming increasingly popular day by day as a means of payment due to its convenience and security.


        Cryptocurrency is also a type of digital currency that uses cryptography for security purposes and operates on a decentralized platform on the internet, meaning it is not controlled by a single entity such as a central bank and government authority. Cryptocurrencies allow for a secure connection on peer-to-peer transactions without the need for intermediaries like banks. Transactions are fully verified and recorded on a public ledger book known as blockchain technology. Bitcoin, the first and most well-known cryptocurrency yet, which was created in 2009 and there are now thousands of different cryptocurrency types in circulation. Cryptocurrencies are often used for investment purposes and as a means of payment for goods and services.

        Virtual Currency

        Virtual currency is also another type of digital currency that is used as a medium of exchange within virtual communities and for online transactions. It is also not backed by any government or central authority and does not have the same legal tender status as fiat currency due to digital currency properties. Unlike physical currency, virtual currency exists only in the shape of digital form and is not a tangible asset. Virtual currencies can be used to buy and purchase virtual goods and services, such as in-game items or digital content, and can also be traded on online exchanges for other virtual currencies or fiat currency conversions. Examples of virtual currencies include in-game currencies such as World of Warcraft gold and cryptocurrencies such as Bitcoin cryptocurrency.

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