Bitcoin

Bitcoin is a crypto-currency that operates with a mobile app or computer program which creates a wallet for each individual user. This wallet allows individuals to send and receive bitcoins. In order to generate bitcoin, people called bitcoin "miners" use software to solve math problems in exchange for bitcoin. Bitcoin is not regulated by the Federal Reserve, but advantages to using bitcoin include low exchange fees, no variance in value by country, and accounts that cannot be frozen. Bitcoin was often used to make purchases on the Silk Road website, a notorious Dark Web website known for selling anything from illegal drugs to hit-man services.