What is Bitcoin? A Guide for Beginners

what is bitcoinYou might have likely heard of Bitcoin and cryptocurrency, and then your mind gone mad into thinking what is it and how does it works and what the heck is it all about. For those that think Bitcoin is a fake money or currency then they should bear in mind that you could purchase or sell a Bitcoin with Canadian and American Dollars. It is not controlled by any government, but still, it earned great respect and faith in economic markets across the globe.

What is Bitcoin then?

Since the invention of the ideology called Bitcoin the virtual currency a.k.a cryptocurrency, it’s gone viral literally than what the experts expectations. You will find world famed brands that cope inside this currency or promote the usage of the same in a bigger scale. However, countries like China and Russia are attempting to impose a comprehensive ban on the usage of this sort of virtual money. This scenario also makes it diverse and curious for your readers to obtain an answer to the question what’s Bitcoin? Brands such as REEDs Jewelry, US, privatized hospitals in Poland as well as the Billionaire industry moguls such as Microsoft, Dell, Expedia and PayPal, they publicly support and voluntarily transact with this powerful currency.