- Written by: Matthew S Daye
- Category: Digital Currency
- Hits: 16475
From its creation in 2008 by a mysterious individual who calls himself Satoshi Nakamoto, the bitcoin Digital Currency has spawned financial innovation and a new specialty in global IT production. Despite there being a mere $3.8 billion bitcoin in circulation, price collapse and security breaches, bitcoin serves well as a currency because there is limited supply, it’s tough to earn and easy to authenticate.
- Written by: Matthew S Daye
- Category: Digital Currency
- Hits: 13651
Bitcoin, which started out at a value measured in fractions of a dollar back in 2009, saw its brightest days when it hit its highest valuations of more than $1100 in 2013. The shine on bitcoin has since tarnished as it dropped back to the current value of just $300 +/- (per bitcoinaverage as of the time of this writing). In this new world of digital currency, bitcoin has become a topic of conversation and interest that many, if not most people, are now familiar with.