At trying times, when world economies are ridden with inflation and Governments’ currencies do not hold value in the market, Bitcoin are growing in popularity. Bitcoin is a form of virtual currency, whereby all details of a purchase is logged digitally on a transaction log, known as the “blockchain”. The blockchain not only records every single transaction but also the ownership details of every Bitcoin in circulation. Such records are updated by persons known as “miners”. Miners, ensure that the transaction is secure and processed properly and are paid a fees by vendors for each transaction and are also given Bitcoins.