This August 13, 2017 - Sunday, bitcoin passed over $4000 for the first time in the history and the whole crypto community went crazy for it!
Then questions like ,"Is this for real?", "Dude, where do the money come from?", "It's a hoax!" began to rise and the public curiosity were strengthen.
While many believe that bitcoin is the real thing, bitcoin has greatly made a standing remaining to be the top among all other cryptocurrency around. As you can see, the chart below shows a big competition.
Although everybody seems to be amazed of Bitcoin, there is one thing that beginners (or those who just join the bitcoin community without prior researching of what it is...) in this field tend to forget.
Yes, you heard it right. This question is quite overlooked most of the time. Now, what is Bitcoin?
Bitcoin is an innovative payment network and a new kind of money.
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
If you want or you have a plan of joining the Bitcoin Community, you have to be very keen of which is legit. That goes for the reason as this is the crypto trend today, many scammers have also joined the community and you might not just wanna get messed up with them.
Nonetheless, it's a good thing to invest in Bitcoin as it is becoming a Crypto Giant. What do you know? It might just replace those physical currencies we ought to use in years from now.
Isn't it exciting how technology improve our way of living? Technology sure has a lot of surprises.
If you want to know deeper (in details) of what is Bitcoin and where did it came from, you can check this FAQ (Frequently Asked Questions) and it will tell everything you need to know about Bitcoin.
Feel free to sound off in the comments below as we’d love to hear your thoughts! Resteem if you liked this! :)
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