Bitcoin is a type of digital money (crypto currency) whose popularity around the world, as well as in Croatia, is growing rapidly year after year
What makes it different from conventional money is that no institution controls the Bitcoin network, which means the bank can not control your money. In April 2010, the price of one Bitcoin was $ 0.003, while today the price of one Bitcoin is over $ 2500.
Just over two months after the period of intense price growth, Bitcoin reached a symbolic milestone by exceeding the price of one ounce of gold. Since then, the price has continued to rise and reached $ 2,500
In the meantime, many countries have declared Bitcoin legal, which has greatly affected its price. In Japan recently, many retail chains allow Bitcoin purchases, which has affected the price of this crypto currency during the previous month to grow nearly 80%, and Japan becomes the world's largest Bitcoin market. Investors expect that soon and many other countries will implement this type of trade in the law. Among them is Australia, which will declare Bitcoin as a legal means of payment from July this year, and similarly it is expected soon from Russia.
One of the reasons why Bitcoin's price has risen this year is that it is not influenced by the governments of the states. Bitcoin is monitored through a public online record known as the "block chain". The final number of Bitcoin can be produced through a process called "mining", and in fact it represents solving complex mathematical problems. One of the greatest attractiveness of this mode of trade is that, in spite of the fact that the record of transactions, public users who make transactions remain anonymous.