Bitcoin is a computerized cash which works liberated from any focal control or the oversight of banks or governments. Rather it depends on distributed programming and cryptography.
A public record records all bitcoin exchanges and duplicates are hung on workers around the planet. Anybody with an extra PC can set up one of these workers, known as a hub. Agreement on who claims which coins is reached cryptographically across these hubs as opposed to depending on a focal wellspring of trust like a bank.
Each exchange is freely communicated to the organization and shared from one hub to another. Like clockwork or so these exchanges are gathered together by excavators into a gathering called a square and added for all time to the blockchain. This is the complete record book of bitcoin.
Similarly you would keep conventional coins in an actual wallet, virtual monetary forms are held in computerized wallets and can be gotten to from customer programming or a scope of on the web and equipment devices.
Bitcoins can right now be partitioned by seven decimal places: a thousandth of a bitcoin is known as a milli and 100 millionth of a bitcoin is known as a satoshi.