BITCOIN THE FUTURE CURRENCY What is Bitcoin? Bitcoin is a new currency made in 2009 by an anonymous user using the name Satoshi Nakamoto. Transactions are made without middlemen - that is, there are no banks! Bitcoin can be used to book Expedia hotels, buy furniture at Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin has risen to thousands in 2017. Bitcoin is a form of cryptocurrency. There are no portable bitcoins, only the ratings kept on the public ledger everyone has open access. All bitcoin transactions are guaranteed by a large amount of computer power. Bitcoins are not issued or sponsored by any banks or governments, and individual bitcoins are not as valuable as assets. Although not a legal tender in many parts of the world, Bitcoin is very popular and has led to the launch of hundreds of other cryptocurrencies, collectively called altcoins. Bitcoin is often abbreviated as "BTC." Summary Launched ...
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