The first digital currency is Bitcoin. To be confirmed transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. What Is Bitcoin Bitcoin Explained Simply For Dummies Youtube Bitcoin Bitcoin Business Cryptocurrency Its decentralized -- theres no government institution like a bank or other authority that controls it. What is bitcoin bitcoin explained simply for dummies . Httpsbitly2IrMSEa Bitcoin is the first decentralized digital currency. Start trading Bitcoin and cryptocurrency here. Its like an online version of cash. A bitcoin transaction involves both a public key which is generally known to everyone and a private key known only to the bitcoin user. Bitcoins advantages are efficiency permanency security and transparency. Bitcoin often described as a cryptocurrency a virtual currency or a digital currency - is a type of money that is completely virtual. Part of Bitcoin For Dummies Cheat Sheet. Share o...