Bitcoin is both a digital system and a currency. As a currency, it can be used for anything a currency is used for, with the advantage of not having a central bank that issues or regulates it. Therefore, it does not belong to any government or country, nor to any private company or individual, who keep this platform running are the users themselves.
As a currency, it is used the same as any other currency but, being a digital currency, it does not exist in physical form but only in the blockchain that supports it. Each bitcoin, or portion of it, is unique, and each transaction is publicly recorded. Users can manage it through digital wallets that allow them to make transactions from anywhere in the world and at any time. It is possible to exchange it for local money or other cryptocurrencies.
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