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The Fascinating And Meteoric Rise Of Bitcoin Prices
You’ve probably heard of the currency 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. We’ll also teach you how you may purchase these digital coins from trusted companies, such as Sii Global Intelligent Bitcoin Investment Service.
Let’s first define what Bitcoins are: they are what’s considered as a cryptocurrency, one that forms a payment system accepted all over the world. It’s basically the first decentralized digital currency.
Let’s now tackle how the system operates. This payment system operates without a central repository, neither does it require a single administrator. The Bitcoin network is peer-to-peer, and the transactions involved occur between users directly, with the aid of cryptography but without the need for an intermediary.
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 phenomenon was created by an unknown person or group of people who hid behind the name Satoshi Nakamoto. Several years ago, or 2009 to be precise, this invention was released as an open-source software.
A process called mining is the process that rewards people who want to create these coins. These can then be used to barter or be exchanged for other currencies, services and even products.
What about the meteoric rise of Bitcoin prices, you might be wondering. Back in February 2015, as many as 100,000 sellers and merchants were willing to accept Bitcoin as a form of currency. In a couple of years since then, this number has dramatically risen. 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.
Back in April 2016, the esteemed publication The Wall Street Journal wrote an article that stated Bitcoin was showing itself to be more stable than gold. It was also suggested in the article that the value of the digital currency might even become more stable in the future.
Many experts believe in this currency and we suggest you keep an open mind. It’s important you buy Bitcoins from a reliable source, such as Sii Global Intelligent Bitcoin Investment Service.