Bitcoins the new currency?
Bitcoins the new currency? Bitcoins is the first decentralised digital currency which allows you to do fast peer-to-peer transactions for the internet. The technology operates with no central authority or banks, which makes the currency untraceable which seems useful in centre transactions. the payments can be made over mobile phone transactions and the fees are a lot lower and your account cannot be frozen as no banks is involved. the currency is run by the public in a process known mining Bitcoins and they are using their PC’s to verify transactions that Bitcoins made by other people and record on the system. An account is needed to use the currency and on your account, you will have balance showing the number of bitcoins you own. At the start of 2017 a single bitcoin was worth $1000 US dollars and is now worth $14486.62 and the rapid increase also mean the currency attracts people wanting to make profit off the value increase. In this blog, I’m going to be going ove...