Bitcoin is a digital currency, or cryptocurrency, that was created in 2009. It is a decentralized currency, meaning that it is not controlled by any government or central bank. Bitcoin is used for peer-to-peer transactions, and is not backed by any physical currency.
For example, if you wanted to buy something online with Bitcoin, you would send the payment to the seller’s Bitcoin address. The seller would then receive the payment and be able to use it to purchase goods or services.