Real-time cryptocurrency rates and currency exchange services
Looking to get into the cryptocurrency game? Keep up-to-date on the latest rates with our real-time cryptocurrency quotes and currency exchange services. We’ll help you make the most out of your investment.
Bitcoin, the original cryptocurrency,
has seen its value fluctuate wildly over the past few years. But what exactly is bitcoin, and how does it work? Let’s take a closer look.
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
The popularity of bitcoin has given rise to other coins, such as litecoin, ethereum, and ripple. These are often referred to as altcoins, short for alternative coins. Each coin has its own blockchain and can be used for different purposes.
Cryptocurrency is still a relatively new phenomenon, and it’s one that comes with a fair share of risks. Before investing, be sure to do your research and understand the potential risks involved.
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