What is a Bitcoin? Bitcoin is a cryptocurrency developed by a group of programmers known by the nickname Satoshi Nakamoto. The concept of bitcoin was initially introduced in the year 1998. Some other popular cryptocurrencies available are Dash, Namecoin, Litecoin, Blackcoin etc.     How do cryptocurrencies like Bitcoin work? These are basically virtual currencies having peer to peer transactions with no middleman whatsoever. These are easy to transact i.e. anyone can use these for…