This un-regulated , open sourced and virtual currency(BTC) has gathered a lot hype. With the estimated worth of $10 Billion, there are plans to install Bitcoin ATMs into the real world. One of the most valuable currency at around $950 per BTC, the concerns over its stability are rising. Without going further, it is essential to know what actually is a Bitcoin. Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto.