Quote from: rog1121 on March 09, 2018, 06:11:10 AM

The ledger of Bitcoin balances is stored on a network comprised of thousands of individual computers around the world. Anyone can run the Bitcoin program which contributes to that network and stores the record of every transaction that has ever happened. This is what is called a peer-to-peer network or a decentralized network.

Bitcoin is legal in most countries in the world, but it is not explicitly prohibited in China and it is not explicitly allowed. However, the second virtual currency has never been heard and is not recommended. For virtual currency, only two, Bit and Litecoin are recommended.