Bitcoin is a type of Cryptocurrency meaning digital currency that uses cryptography for security. Although it’s value may fluctuate, it still remains one of the most popular forms of online currency. The unknown person or group using the name, Satoshi Nakamoto are the inventor of bitcoin. The unknown inventor did not intend to create an entire currency but instead an Electronic Cash System resembling peer-to-peer networks for file sharing. Satoshi was able to create a decentralised digital cash system something many have tried and failed at.
Where can you use it?
The currency can be used in online transactions, there are currently a lot of merchants that accept bitcoin as payment. And can be exchanged for currencies, products and services. It has also been used as an investment tool. However several agencies have issued investor alerts about it.
Bitcoin will not become the world’s sole currency in 10 years - there will be many successful cryptocurrencies - and Ethereum is likely to take over Bitcoin’s dominant status, affirms the boss of one of the world’s largest independent financial services organisations
The G20 must work towards an agreement to adopt common regulations for cryptocurrencies such as Bitcoin, affirms the boss of one of the world’s leading independent financial services organisations
Six out of 10 people with currently no exposure to cryptocurrencies would consider including cryptocurrencies like Bitcoin into their investment portfolios, reveals a new global poll
The Bank of England governor’s comments on the regulation of cryptocurrencies can be expected to help fuel a sustainable recovery for the crypto market
Concierge.io claims its blockchain booking system would eradicate commission fees for vendors, while also allowing them to interact directly with customers
AirTM, which enables individuals and businesses to complete financial transactions, has announced that it is expanding its reach to include ten major blockchains including bitcoin
According to deVere Group CEO, Cryptocurrency regulation is necessary, on its way, and the vital work being done by many international financial watchdogs and lawmakers must be supported
Microsoft has announced plans to use blockchain technology to create a decentralised identity system making it easier for consumers to self-control their customer data.
