What a Bitcoin is and how it works

It’s already 2018 and if you’re still wondering what a bitcoin is and how its value fluctuates from time to time, here is a quick explanation: A Bitcoin is a decentralized, peer-to-peer, “cryptocurrency”, designed to allow online users process transactions through digital units of exchange. Bitcoin payments are processed through a private network of computers through a shared program. Following are the pros and cons of using bitcoins: Pros:  1. User Anonymity – Bitcoin purchases are considered discrete. Transactions by holders are never associated to his personal identity. 2. No third party interruptions – Banks and other financial intermediaries have … Continue reading What a Bitcoin is and how it works