Bitcoin (BTC) is a decentralized digital currency, used to verify and secure the Bitcoin transactions from one user to another. Bitcoin mining involves addition of Bitcoin transactions into a distributed public ledger of transactions. Established in 2009 by Satoshi Nakamoto, in July 2013 the Bitcoin price was $118 and today in August 2017, the price has increased up to $3389. Owing to the supply and demand of Bitcoin, every business or netizen wants to invest in this golden cryptocurrency.

Bitcoin is a first decentralized peer-to-peer payment network that secures the transactions done by users digitally. It works on the blockchain technology and confirms the transactions in a public ledger so that there are zero chances of double spending.