16 Nov As Bitcoin approaches $8,000, learn what the cryptocurrency is all about
Bitcoin, the world’s most famous cryptoocurrency, has reached yet another all-time high today, now valued at a whopping $7,815.
The cryptocurrency and digital payments system was first released as open source software in 2009. It has since had ups and downs, but lately is on a definite upward trajectory. Bitcoin works using Blockchain, a system of continuous “blocks” that are added every time a Bitcoin transaction occurs. The information is open and decentralized, making it inherently transparent and unalterable.
As Bitcoin continues to gather steam, it’s a good idea to familiarize yourself with how it works and its broader implications for the world of payments, banking, financial transactions and more.