August 21, 2017

Cryptocurrency Trends And Their Common Myths

Most of us have heard of the expression Bitcoin but don’t have a clear idea about what it is. Defined, Bitcoin is a decentralized, peer to peer, digital currency system, designed to offer online users the capability to process transactions via the digital unit of exchange known as Bitcoins. It is a virtual currency. A private network of computers connected by a shared program is used to carry out transactions and process payments in Bitcoin. Bitcoins’ creation relies on complex mathematical calculations, and its purchase is made with standard money currencies. Users of Bitcoin can get their coins with computers…