---
title: "What is Bitcoin?"  
description: "What is Bitcoin?"  
author: "Prakash nidhi Verma"  
published: 2018-07-02  
updated: 2020-09-24  
canonical: https://www.mindstick.com/interview/23450/what-is-bitcoin  
category: "finance"  
tags: ["artificial intelligence", "finance"]  
reading_time: 1 minute  

---

# What is Bitcoin?

There are a number of currencies in this world used for trading amenities. Rupee, Dollar, Pound Euro, and Yen are some of them. It is an electronically stored currency and you can't touch this currency. It is an example of a cryptocurrency and the next big thing in finance.

```
1 bitcoin= 4,35,677.02 Indian rupees.
1 bitcoin= 6,332.98 United States Dollar
```

Its use of Blockchain Technology which is managing the trade money of bitcoin.

## Answers

### Answer by Prakash nidhi Verma

There are a number of currencies in this world used for trading amenities. Rupee, Dollar, Pound Euro, and Yen are some of them. It is an electronically stored currency and you can't touch this currency. It is an example of a cryptocurrency and the next big thing in finance.

```
1 bitcoin= 4,35,677.02 Indian rupees.
1 bitcoin= 6,332.98 United States Dollar
```

Its use of Blockchain Technology which is managing the trade money of bitcoin.


---

Original Source: https://www.mindstick.com/interview/23450/what-is-bitcoin

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