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What makes it different from normal currencies? Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally. However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized . No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money. Bitcoin Is A Crypto Currency And Now what Is A Crypto Currency A cryptocurrency (or crypto currency ) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. [ Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency ...