What is Bitcoin ? A.It Is crypto-currency [ E-currency ] it can be used to make payments online. Bitcoin payments are easier to make than debit or credit card purchases and It can easily replace them. Bitcoin is a peer-to-peer payment system and digital currency introduced in 2009 by Satoshi Nakamoto What are the advantages of Bitcoin? A.*.Transparent and neutral*. Instant Payment*. Very low fees*. Secure, Irreversible*. Strong protection against identity theftI'll be explaining all these points in upcoming posts What are the disadvantages of Bitcoin? A.*.Not Yet fully known by average joe* .Volatility*. Uncertainty* .Money Laundering What is Bitcoin mining ? A.The process of finding new blocks to be added to blockchain is called Bitcoin mining. This is done by a computer program by solving a complex puzzle with real time input of transaction data. Now a days mining requiresspecialized hardwares and electricity consumption. Miners are rewarded with Bitcoin by the system. What are the units of Bitcoin ? A.There are 4 standard units of Bitcoin...i. 1 BTC = 1 Bitcoinii. 1 mBTC = 10^(-3) Bitcoiniii. 1 μBTC = 10^(-6) Bitcoiniv. 1 Satoshi = 10^(-8) Bitcoin