Bitcoin is a form of digital currency and payment system that uses decentralized technology for secure payments and storing money without the intervention of a central authority or financial institution.
All bitcoin transactions are recorded in a transparent public ledger known as “Blockchain”.
Bitcoin is deemed an ideal tool for private, anonymous transactions, and a payment method of choice for retail purchases.
Others simply speculate on the price movement of bitcoin, hoping to gain from potential increase in value.
Bitcoin trading deemed an alternative investment to fiat currencies.
It has revolutionized the world of finance just as the web has proven to be a paradigm shift in the publishing world.