Or what we might know as a digital currency. Currency that is not regulated or controlled by any government agency, and is open to any public globally, any user who handles Bitcoin, can use it to purchase and pay for goods and services, or simply to send money to someone from one side of the world to another.
Transactions made with Bitcoin are verified by a blockchain, which is called “BlockChain”, which verifies and updates in real time with each transaction, whether it is a purchase or a shipment. A Bitcoin transaction can take between 20 to 30 minutes while it is approved and verified, and is automatically credited to your wallet.
Due to the influence that Bitcoin has had, it is already beginning to be recognized as a currency, and even multinationals such as Microsoft, Dell, Time Inc. and Dish Network allow payment with it, as well as Virgin Galactic and Reddit, and even Paypal is already trying to adopt a system to employ its use.
Regarding its history
It is known that it was created in 2009 by Satoshi Nakamoto, who is not known if it is a single person or a group of programmers dedicated to the development of the Bitcoin project, he is responsible for the first existing units.
At the present time
Bitcoin continues to be a currency in constant evolution, and it has been heard among great economists that this may be the currency of the future. Some entities that have promoted the Bitcoin project, already provide the use and transport of the cryptocurrency in plastic cards, as well as in some countries around the world have already installed ATMs to withdraw cash from this cryptocurrency, and we affirm, more and more users and retail or multinational companies are opting for the use of digital currency.