Traditionally it is the study to convert normal form into information that cannot be easily accessible by human beings through any illegal means. The kind of study is known as encryption. The best feature of cryptography is its secrecy; it cannot be deciphered without special knowledge. Earlier, it was used by the military, spies, and diplomats. Today, digital signatures, digital cash, etc are all very common which are using the same technology.
Bit coins use this technology. Since it involves latest technology the backward countries are not being able to access it. People without sufficient knowledge about computers won’t be able to understand the usage of online bitcoin wallet. The software was invented in the year 2008 by a Japanese man who lacked identity. Various illegal and criminal activities have taken place regarding online bit coins wallet already. They can be used for making both online and offline payments. Purchasing or investing in bit coins is becoming quite common now since they are being accepted in many stores. Online bitcoin games are the way to generate the coins. It runs with the help of a specific chain of codes and it is not easy to decipher them. Study and dedication is required. it is an electronic currency and does not belong to any particular country like the dollar, euro, rupees , etc. it is under no authority or government. It is decentralized. The barter system of early ages comes in mind, talking about this. This new currency is creating a rage in the developed countries.