Bitcoin is a form of virtual currency, created in 2009 by an unknown person using the alias Satoshi Nakamoto.
With Bitcoin you can buy goods or services using this currency as you would with dollars or euros, as long as the seller accepts bitcoins.
Bitcoins are used for electronic purchases and transfers. Every single purchase is immediately logged digitally on a transaction log that tracks the time of purchase and who owns how many bitcoins. This way every transaction is 100% transparent giving more safety to the whole process.
But will people know how much I am spending and on what? No, sir. Each transaction is recorded in the public log, and the names of buyers and sellers are never revealed only their wallet IDs, keeping the transactions private.
Bitcoins are growing in popularity and there is a positive trend of businesses accepting Bitcoin as a form of payment. Many big companies like WordPress,Bedding, Furniture, Electronics, Jewelry, Clothing & more, and Reddit accept Bitcoin. More than $1.5 billion worth of bitcoins are currently in circulation around the world, with millions of transactions occurring daily.
THIS is the new world!
