A cryptocurrency is a new form of digital asset based on a network that is distributed across a large number of computers. This decentralized structure allows them to exist outside the control of governments and central authorities. bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its source code was released as open-source software. Each bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send bitcoins (or part of one) to your digital wallet, and you can send bitcoins to other people. Every single transaction is recorded in a public list called the blockchain Forex trading always involves selling one currency in order to buy another, which is why it is quoted in pairs – the price of a Forex pair is how much one unit of the base currency is worth in the quote currency bitcoin mining is the processing of transactions in the digital currency system, in which the records of current bitcoin transactions, known as a blocks, are added to the record of past transactions, known as the block chain. ... In return, they are awarded a certain number of bitcoins per block. bitcoin mining is done by specialized computers. The role of miners is to secure the network and to process every bitcoin transaction. Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (hence bitcoin's famous “blockchain”)

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