As part of this process, users worldwide are busy building a dedicated transaction ledger known as the blockchain. In the meantime, the process of creating Bitcoin is called mining. Initially, cryptocurrency was created for the virtual world. Thus, banks, governments, or individuals cannot influence the conduct of a transaction between two users. In other words, the currency is not under any control and is not administered by traditional regulators. The most important advantage of Bitcoin is the decentralization factor. Nevertheless, the payment tool is excellent for online purchases, online casino funds, and so on.
Simply put, you cannot touch it or put it in your pocket like ordinary money. One of the essential characteristics of digital currency is that it exists in the virtual world only.
