Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. It is based on blockchain technology, which is also believed to be the most important invention since the internet exist.
The global Cryptocurrency Market is expected to grow at a compound annual growth rate (CAGR) of 30% from 2019 to 2026…
Bitcoin is now the world’s third-largest currency, according to a report by Deutsche Bank.
Various cryptocurrencies such as bitcoin and ethereum soared at the end of 2020 and into the new year, albeit with a lot of volatility, in typical crypto fashion. The huge burst of activity has highlighted several banks that are catering to crypto customers by leveraging blockchain technology to develop specialized payments systems and offer niche banking products.