Many people think that Bitcoin is a very true thing, whereas Bitcoin is something that can be confusing simply.

If asked what is bitcoin (abbreviated as BTC), the simplest explanation is:

, Actually Bitcoin is:

A pure peer-to-peer electronic cash version will allow online payments to be sent directly from one party to another without going through financial institutions.

Have you ever imagined how the transaction system (selling, buying, money transfer) happens? Yes there is always a third party who becomes a mediator, for example: bank (bank transfer), Visa, Mastercard, Paypal and so on.

Have you (from Indonesia) ever bought items on Amazon or Paypal? What about the payment system abroad? For example, if you use a credit card with a Visa logo, how about that payment can work?

As we all know, every difficulty available (including banks) must have their accounting book. Surely there is time, energy and costs that must be spent to be able to carry out the transaction. Of course we (the customers) are subject to additional fees (fees).

Continuing our initial discussion, what is Bitcoin? Bitcoin and cash book money systems into one global organization. Of course the benefits are reducing time and costs.