Bitcoin, Emergence, Development, Perspective

The Bitcoin, abbreviated BTC is a cryptographic currency which is Launched in 2008 by Satoshi Nakamoto. There is still disagreement about the identity of Nakamoto. Some say it's just a synonym for a group of people and others, and they're convinced that it's the true developer of Bitcoin. The Bitcoin is based on mathematical algorithms, which together form a huge linked database called blockchain. Unlike conventional currencies, this digital form of payment can not be manipulated. Satoshi Nakamoto is said to have spent half his life developing this algorithm. It is thanks to him alone that there is now a means of payment that can not be controlled by any institution in the world. According to the current state, the experts agree that interfering with the algorithm is almost impossible. If anything, it would be theoretically possible to get an impact on the system if you had a quantum computer. However, since these do not yet exist, this is just an unprovable theory that we believe will forever remain a theory. In the beginning, the Bitcoin was ridiculed by the public as a worthless fantasy currency of bored geeks. However, as the value slowly increased and finally cracked the € 1 mark, the BTC gradually gained in importance. The current value amounts to approximately 6700 €. Today there are various trading platforms where the Bitcoin traded and can be exchanged at any time in dollars or euros. In Germany, one of the best known providers bitcoin.de is a creation of Fidor Bank AG. Furthermore, there are numerous providers which advertise the issue of free Bitcoins. Not to be forgotten at this point is the crypto community which consists of computer-interested and on the subject of cryptocurrencies on various platforms such. exchanges bitcointalk.org. What we can already recommend in advance is the relatively new website minergate.com, which is designed to simplify the production of some selected cryptocoins. All you have to do is download a software and then you can start production directly. Furthermore, we would like to call the American provider Eobot at this point. Eobot makes it possible to store a large number of digital currencies in the form of so-called "online wallets", to exchange them and to produce them with their own processor or graphics card performance. In addition, Eobot lets you hire production output by buying it with other coins or US dollars. In order to legally buy or sell Bitcoins and its spin-offs Bitcoin Cash (BCH) and Bitcoin Gold (BTG) we recommend the already mentioned in Germany based and free provider Bitcoin.de. As can be seen from the last lines, Bitcoin is no longer the only digital currency. There are a lot of cryptocurrencies today, some of which are not even worth 1 cent and others worth several Euros. Bitcoin, however, is the undisputed leader in all currencies and is often referred to as the mother of all coins. IT experts such as The founder of anti-virus software MCAffee even forecasts a rise in bitcoin in 2022 to up to € 100,000. Like everything else in life, Bitcoin has its downsides. So there are just as many opponents as advocates of the cryptocurrency. We do not want to deal with the opponents here, as we think they can not produce realistic arguments against Bitcoin. These are many more institutions that are afraid of the devaluation of their traditional means of payment, and therefore put the Bitcoin and its successors in a bad light.

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