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Bitcoin is a digital currency that has taken the world by storm. Bitcoin was first introduced in 2009 by an unknown hacker using the pseudonym Satoshi Nakamoto. The idea of bitcoin was to create a peer-to-peer, digital payment network that did not rely on any government or corporation to facilitate transactions. Rather than using third-party payment processors to verify the authenticity of transactions, Bitcoin relies on heavy cryptography and a public ledger system known as the blockchain. Every transaction that is made through the Bitcoin network can be viewed online.
Over the course of Bitcoin’s history, there has been wild volatility and huge growths. Now, Bitcoin transactions are occurring all over the world, and more and more merchants accepting Bitcoin everyday. You can even buy hosting with Bitcoin.
Do you use Bitcoin?