ELI5: Explain Like I'm 5

how does bitcoin works

Bitcoin is like digital money. It's like regular money that you can use to buy things or trade for things, but it exists only in computers and not in physical form. Instead of coins or notes, it uses special codes that everyone agrees have a certain value. People trade these codes with each other and with businesses all over the world. To keep track of who owns what and who buys and sells what, everything is recorded in computers, and these computers use special rules and math to make sure everything stays secure and safe.