Story of Bitcoin – The other kind of Money Bitcoin is no alien concept to the global money market right now, yet it has managed to remain elusive to a big population. With the digital currency gaining momentum, this cryptocurrency is being discussed amidst certain segments of the society. For the novices, here’s some background on what is a cryptocurrency – this is a form of digital currency which involves encryption techniques regulating the generation of units of currency and verifying the transfer of funds, operating independently without any governing bank. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, a combination of bitcoin alternative. Other such cryptocurrencies are Ethereum, Dash etc. Coming to the history of Bitcoin, a man named Satoshi Nakamoto began working on the Bitcoin concept in 2007. The concept was published in the year 2008 and released it