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Bitcoin is a type of electronic currency (CryptoCurrency), which is autonomous from traditional banking and was introduced in 2009. According to some of the best online marketers, the Bitcoin is considered to be the most popular digital currency, which relies on computer networks to solve complex mathematical problems in order to check and record details of each transaction.

The Bitcoin exchange rate does not depend on the central bank, and there is no authority that governs the supply of CryptoCurrency. However, the cost of Bitcoins depends on the level of consumer confidence, since larger companies accept Bitcoin as a payment method, the more successful Bitcoin will become.

The market of Bitcoin is all over the world, and the citizens of China and Japan are particularly active in their purchases in other Asian countries. But recently in the Bitcoin news the Chinese government tried to suppress its activities in this country. This action led to the fact that the Bitcoin down for a short time, but soon it returned and is now close to its previous value.

Bitcoin storyboards are very interesting. Its creator – an anonymous group of brilliant mathematicians (using the pseudonym Satoski Nakamoto), who designed it in 2008 to be “virtual gold” and has released the first software Bitcoin software in early 2009 during the economic crisis in the US. They knew that in order to have a lasting value, gold had to have a limited offer. Therefore, when it was installed, they limited the supply of 21 million bitcoins.

Bitcoin mining refers to the process by which a new Bitcoin is created. With regular currency, the government decides when and where to print and distribute it. Bitcoin “miners” use special software to solve complex mathematical problems, and are issued a certain number of Bitcoin in return.

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