Bitcoin is digital currency.
It was created by the mysterious Satoshi Nakamoto in 2009 and started to gain a
lot of attention in 2012. Rising from an exchange rate of about $163 per
Bitcoin at the end of 2012 to a rate of about $2500 presently, Bitcoin is the
most valuable form of online money today. Bitcoin is not a physical currency
and offers the advantage of anonymity over real cash during transactions across
the internet.
The Bitcoin system has a
global database called the blockchain, where records of all instant Bitcoin
transactions are kept. This live Bitcoin address are a string of numbers and
letters which have two important parts known as the public key and the private
key. Sending Bitcoins to other users is as simple as inputting their public key,
and choosing an amount to send while receiving bitcoins from other users is as
simple as sending them your public key.
Just like the stock
exchange, you can make gains with instant Bitcoin exchanging. You can do
this by buying live bitcoins when the exchange rate is low and store them in
your wallet, then sell them when the exchange rate is high. Bitcoins can be
exchanged to real cash as well as other digital currency using several
international digital currency exchange platforms.
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