Kathmandu, Bitcoin is a cryptocurrency that has properties similar to other virtual currencies. It is a virtual currency that cannot be touched by one's own hands. It is transacted online from one wallet to another. It can also be converted to other currencies. Bitcoin came into circulation in 2009. It is believed to have been invented by Satoshi Nakamoto of Japan, although his name and identity are said to be fictional.

It exists only in the virtual world, the Internet. But, just as physical currency can buy goods, so can this currency buy and sell goods. Its transactions are based on a peer-to-peer network. This means it can be transferred from one account to another without a server. All you need is an internet connection. Its value is the same all over the world. For example, the value of a bitcoin worldwide was 19,860 a day.

The smallest currency in Bitcoin is Satoshi. 100 million Satoshi is a bitcoin. Bitcoin can be purchased for any currency, goods or services. It is not controlled by any country, bank or authority. It is risky to invest money in it. Many times its price has dropped by 40 to 50 percent in just a few hours. Most of the cryptocurrency is being used for illegal purposes.

Apart from Bitcoin, there are some good cryptocurrencies available in the market.

1. Red Coin: Red Coin is one of the crypto currencies that can be used for special occasions. It is used to advise people.

2. Sia Coin: Sia Coin is one of the most widely used coins today. It is on the rise now. The value of this coin is currently increasing.

3. YesWis Coin (Sisquin): This is a revolutionary cryptocurrency. It is moving forward with zero cost financial transactions and incredible speed. It is being used to secure business, property and digital certificate data. It provides business with infrastructure construction. Sisquin operates on a blockchain that is part of Bitcoin.

4. Voice Queen: This is a platform designed for emerging musicians where singers can determine the value of their music themselves. They can provide sample tracks of music for free. The main purpose of this platform is to monetize independent artists.

5. Monero: This is a cryptocurrency that uses a special type of security. This is known as a 'ring signature'. It is mostly used in the dark wave and block market. It is widely used in black web and block market. It is used for smuggling. This currency can be easily blackmailed.