The world is largely becoming more of a global village with new
innovations and technology springing up everyday. Now we have
several Crypto-currencies the most popular amongst them is
bitcoin.
Bitcoin is a form of digital currency, created and held
electronically. It is not controlled by any government or agency
and not printed like dollars or naira. Unlike paper money and gold,
they are digital and centralized. Bitcoin was first introduced on
October 31, 2008 by software developer called Satoshi Nakamoto.
Bitcoin is different than any currency you have used before, so
it's very important to understand some key points. Unlike
government issued money that cannot be inflated at will, the supply
of bitcoin is mathematically limited to twenty-one million
bitcoins, and that can never be changed. Bitcoins are impossible to
counterfeit, payments are impossible to block, and bitcoin wallets
can't be frozen except turning off the entire world's
Internet, and keeping it
