Bitcoin was probably the first virtual currency to capture the public’s attention. The technology was given to the world in 2008 through a scientific paper by an unknown individual or group under the pseudonym Satoshi Nakamoto. Since then, it has continued to take the financial world by storm, having reached 61 countries with 2015 Bitcoin ATMs.
Bitcoin uses Blockchain technology, which functions as a type of distributed ledger or decentralized database that keeps continuously updated digital records of ownership and storage. Bitcoins are especially looked at with interest because the technology behind it makes the need for intermediaries obsolete. It is, therefore, not controlled by any Government, bank or private company, thereby excluding the need for payment of transaction fees as well.
Created by the team behind BitcoinPlay, the following infographic lists down some interesting facts about arguably the hottest virtual currency on the market.
Special thanks to crypto-news.net for the valuable insights.
This article was originally published on BitcoinPlay
Featured Image Credits: Pexels
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