Is Bitcoin Future Of Online Currency?
The future of online businesses, the bitcoin, has thereby entered into the realm of reality. It has survived the march of time and remains the dominant online currency. The volatility in its value is subsiding making it more dependable. Several leading organizations including Microsoft Corp. Expedia and PayPal have endorsed the use by adopting this cryptocurrency into their fold.
Growth of Bitcoin
Ever since its launch in 2009, bitcoin has been the subject of intense debate. The number of legitimate users has risen over the years with the number of companies adopting Bitcoin rising to over 100,000 as of last year. The charm undoubtedly has been in the way it is decentralized. Other banks or even the government cannot meddle in its operations.
Ease of Operation
Anybody with an e-wallet (you can create one within minutes by visiting blockchain.com) can begin sending and receiving money online. The only requisite is that the person you are sending the money to must have an online wallet too. The blockchain technology uses just mathematics and coding techniques (cryptography) to create a secure network. This currency is free from interference and inflation. Of late, the value of the bitcoin has become steady giving rise to much optimism that the future of financial operations is here.
All questions answered
The bitcoin is fast becoming the main steam currency. The movement of banks and institutions to online sites has portended the emergence of a stable, viable currency as an alternative to gold and other fiat currencies. How far it can diversify and become suitable for use for people of all ages and groups is the only question remaining. But then technology and progress are always willing to provide us with these kinds of answers if we wait for some time.
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