Answer
Mar 24, 2018 - 02:35 PM
Bitcoin is a type of digital currency created in 2009 by an unknown person or group of people using the alias Satoshi Nakamoto.
Bitcoin has gained massive popularity over the past few years and has made early investors of the digital currency overnight millionaires, sparking the curiosity of the masses of people now numbering in the millions, all seeking the opportunity to become the next bitcoin millionaire.
Bitcoin is the first in the cryptocurrency family in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank using blockchain technology.
Bitcoin can now be used in exchange for tangible goods and services although it is not a tangible currency in itself.
Overstock.com was the first major retailer to adopt the idea of accepting bitcoin as payment on their website.
Bitcoin is also being used to book hotels on Expedia as its popularity continues to grow.
Many more mainstream retailers are now looking into the possibility of allowing holders of the digital currency to use it as cash value in exchange for products and services.
Bitcoin has gained massive popularity over the past few years and has made early investors of the digital currency overnight millionaires, sparking the curiosity of the masses of people now numbering in the millions, all seeking the opportunity to become the next bitcoin millionaire.
Bitcoin is the first in the cryptocurrency family in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank using blockchain technology.
Bitcoin can now be used in exchange for tangible goods and services although it is not a tangible currency in itself.
Overstock.com was the first major retailer to adopt the idea of accepting bitcoin as payment on their website.
Bitcoin is also being used to book hotels on Expedia as its popularity continues to grow.
Many more mainstream retailers are now looking into the possibility of allowing holders of the digital currency to use it as cash value in exchange for products and services.
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