How big can Cryptocurrencies get?
Bitcoin is a cryptocurrency with a great deal of promise but with issues still needing to be addressed if it is to hit the mainstream.
Bitcoin is a payment system and cryptocurrency – meaning an asset that deploys cryptography to make sure that online currency exchanges are secure – that has become one of the biggest such options in its sector. It was launched eight years ago in limited form, before receiving a wider open-source release the following year and has been growing rapidly ever since then.
Since it was first launched Bitcoin has risen to prominence at a remarkable rate. It is a system that allows users to make secure transactions without the need for a middleman service, with Bitcoin itself being a form of digital ‘money’ that users receive in exchange for public payment recording and verification.
This post was published at NewsBTC on November 2nd, 2016.