Bitcoin is a virtual currency that can be generated through complex computer software systems with solutions shared on a network.
Although, the digital currency is gaining popularity, concerns about its security are on the rise. Online wallets used to store Bitcoins have been subject to a number of cyber-attacks and some users have also suffered from accidental loss.
The new Bitcoin storage service offering insurance in U.K., named Elliptic Vault, uses “deep cold storage” techniques to secure the digital currency.




