Q. What is Bit-coin ? 1. Bit-coin is formally a virtual form of currency,by virtual form:- we mean that bit-coin is only available in electronic (i.e digitalized) form.Hence there is no physical presence of bitcoin just like as INR(Indian Rupees), USD(Dollars), Yen,Euro etc. 2.It is a digital payment system which is supposed to be implemented by an unknown programmer or group of programmers under the name of Satoshi Nakamoto. 3.Initially the first presence of Bit-coin was felt in the year 2009. Advantages of Using Bit-coin:- 1. Bit-coin uses peer-to-peer (P2P) technology i.e the bitcoin r transferred from one person to another person e-wallet without the involvement of any intermediary. 2. It supports the world-wide connectivity it means that the bitcoin can be transferred to any part of the world in real world. 3. Low-processing fees is another feature regarding the bitcoin transactions as comparison to formally money-order agents