Have you ever heard of bitcoin in the global market? Bitcoin has become a very popular financial tool, although not everyone understands the fundamentals of this currency.
Bitcoin is a digital (virtual) currency, created by Satoshi Nakamoto. He worked on this project alone and launched the code for the public in 2009.
Where can I use Bitcoin?
There are plenty of things you can buy using Bitcoin. There are many places that accept Bitcoin transactions.
According to Coindesk, the number of merchants accepting Bitcoin transactions exploded. Many of them are online e-commerce sites in addition to a large number of stores in various formats. The list is constantly expanding, and you may soon be able to spend it literally anywhere you want.
Here are some examples of products you can buy using Bitcoin:
General household appliances
Traditional online stores and stores on the streets of your city.
Countries accept Bitcoin as a currency:
The legal status varies from country to country, but the list of countries that accept BTC is constantly expanding. Bitcoin works independently of any central bank. Unlike other known currencies (e.g. USD and EURO), the Bitcoin network does not have any other central point making it a decentralized electronic currency.
Bitcoin value is created through mining. Mining depends on the costs of electrical appliances and computers. Bitcoin is spread all over the world as a valid payment method.
The main ways of mining Bitcoin?
1. Mining by the main processing unit (CPU):
2. Mining by screen cards:
Mining by cloud bitcoin mining companies:
The Bitcoin price rise to $ 9350 during the last days, while demand for bitcoin continues to grow, serving as a hedge against strong concerns about the consequences of continued spreading the Coronavirus in China. Economics expects more increase in the bitcoin price this year.
Till reaching $10000