Vitamin K is essential for blood clotting as it is required for the production of proteins involved in coagulation like prothrombin. There are two forms - K1 derived from plants and K2 produced by intestinal bacteria. Vitamin K acts as a cofactor for the gamma carboxylation of glutamic acid residues in clotting factors to enable their biological activity in clot formation. A deficiency can result in bleeding issues as it decreases the synthesis of factors II, VII, IX and X.