Bitcoin is an source, peer to peer, digital decentralized currency that is powered by Blockchain Technology. Bitcoin’s defining characteristic is its decentralization, for instance, the lack of central governing authority, such as a central bank or a ministry of finance. Bitcoin’s issuance and circulation are ensured by regular users via a process known as “Bitcoin mining”. Bitcoin can be sent anywhere, anytime, nearly for free, and with little regard for national borders governments, or bank-imposed restrictions.
If you believe Bitcoin has the potential to replace traditional global financial systems, a new economic analysis is here to rain on your parade. The discussion of digital money thus far has been dominated by […]