Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures.
There are 3 ways to earn Bitcoin
- Solving data blocks (Mining Software)
- Goods and service Exchange.
- Exchange currency (i.e. exchange your fiat currency for Bitcoin and vice versa).
Bitcoin Chain
Advantage of Bitcoins
- Freedon in Payment
- Control and Security
- Information is Transparent
- Very low Fees
- Fewer Risk for Merhcants
Disadvantages of Bitcoins
- Lack of Awareness & Understanding
- Risk and Volatility( It can be hacked and damaged by malware and password lost)
- Still Developing
Bitcoin Price History
