Bitcoin is cryptocurrency a digital asset introduced by Satoshi Nakamoto. On 18 Aug 2008, the domain name bitcoin.org registered.
First bitcoin was supported and transacted by programmer Hal Finney. In Feb 2013 payment processor of bitcoin – coinbase reported selling 1 million US Dollar worth of bitcoins. The rate of dollar then was 22 Dollar per bitcoin.
In January 15 record 75 million dollar was raised by coinbase. Bitcoin was recognized by Japan in march16. Bitcoin symbol was introduced in currency symbol block as (₿). In Aug17 bitcoin split in two- namely the bitcoin chain(BTC) and Bitcoin Cash(BCH). Split was named as Bitcoin cash hard fork. Bitcoin can be stored in cryptocurrency wallet of bitcoin.
In long run Bitcoin is going to stay and increase its presence in every economic field of the world. It will go on increasing its demand and get higher returns than many currencies of the world.
These are only two ways to stop bitcoin. Two ways are-
(1) Shut off the internet, or
(2) Turn off the world`s electricity supply
You can obstruct its growth with inappropriate regulation but you cannot stop it.
Bitcoin is free from any monetary policy or of political opportunism. Bitcoin is yours money. It has all the possibilities of becoming a universal currency.
One day you will hear that some government are going to introduce digital currency to kinder growth of cryptocurrencies like Bitcoins.
Cryptocurrencies have all the benfits of banking system leaving behind the negative approach of banks. Here transactions are very fast and transactions that happens on the blockchain is visible for people around the world to see but you identify is completely hidden from world.
FUTURE BELONGS TO CRYPTOCURRENCIES.
