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Everyone has heard of the currency in our post-modern age that goes by the name Bitcoin. That’s to be expected since the news and other media channels cover this wonder. By the time you get done reading this article, you’ll know what exactly this currency is and you’ll also discover more about the meteoric rise of Bitcoin prices. You’ll also know how to buy Bitcoins from reputable firms like Sii Global Intelligent Bitcoin Investment Service.
Let’s begin by telling you that Bitcoin is a cryptocurrency and, furthermore, a payment system that is recognized globally. In a nutshell, Bitcoin is the first ever decentralized currency that is in digital format.
Let’s now tackle how the system operates. This particular payment system works without needing a central repository, and it also doesn’t need a sole administrator. The network involved in Bitcoin is called peer-to-peer, and the users work with transactions directly, which means no intermediary is involved, and cryptography instead is what it needs to function.
The transactions between Bitcoin users are verified using network nodes, which are then recorded in a public distributed ledger known as a blockchain.
You might be wondering, like many people, who invented Bitcoin. This amazing invention is alleged to have been thought of and created by either an anonymous person or a group of people who then used the code name Satoshi Nakamoto. Bitcoin was eventually released as an open-source software several years ago, or 2009 to be exact.
To create these cyber coins, you must be rewarded via a process that is known as mining. These can be used afterwards in exchange for products, services and also other kinds of currencies.
Let’s now dive deeper into the meteoric rise of Bitcoin prices. A few years ago, or in early 2015 to be exact, as many as 100,000 vendors and merchants were more than willing to accept Bitcoins as a form of payment. This number has grown considerably in just a matter of two years. Research conducted by the Cambridge University estimated that this year, there exists about three to almost six million unique users who happen to use a cryptocurrency wallet. If you wish to become one of these millions of people who use Bitcoins, it’s wise to buy Bitcoins from trusted companies and nobody else, companies such as Sii Global Intelligent Bitcoin Investment Service.
The Wall Street Journal, a highly respected publication, wrote an article in April 2016, saying that Bitcoin was showing to be more stable than even gold. The article, moreover, went as far to state that Bitcoin’s stability was expected to grow even more in the future.
Many experts believe in this currency and we suggest you keep an open mind. Buy the coins from a reputable firm like Sii Global Intelligent Bitcoin Investment Service.