What is Bitcoin?
Bitcoin is the oldest and best-known cryptocurrency. The Bitcoin history starts from 3 January 2009. “What is Bitcoin and how does it work” is a question asked increasingly often since its rise in popularity. Our “What is Bitcoin guide” should help you get started.
You know, More than 16.7 million bitcoins were in circulation as of December 2017 with a total value of about USD 250 billion. That’s still almost nothing compared to the US dollar, of which there are trillions in circulation.
So, the bottom line is that Bitcoin, like other cryptocurrencies, is still in development, and no one knows what opportunities or challenges it may bring in the future. That said, no one knows what may happen with our traditional money, either. It could lose its value or get frozen in a bank account, or the whole payment system could be hacked!
