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What Are Bitcoins and How Do They Work ?

Bitcoin-1

Bitcoin is one of the most popular kinds of digital currencies available today. It is an online-based type of money whose payment network is decentralised. Unlike physical cash, bitcoins are not made, regulated or controlled by any governing body.

The currency was produced in the year 2009 by an anonymous person bearing the pseudonym Satoshi Nakamoto. Bitcoins allow people to make transactions without any middlemen or banks. Transaction fees are completely eliminated and you don’t need to provide you actual name. Increasingly more stores are starting to accept the new currency. With bitcoins, you can purchase web design services, beauty products or even food.

For more on this story visit the following link: What Are Bitcoins and How Do They Work ? 

Source: TechBullion

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