Something amazing happened back in 2009. The world did not take note. The few that did take note, laughed. They are not laughing now. What happened?
The birth of a new cryptocurrency known as Bitcoin. What exactly is Bitcoin? It is a “digital” currency that the world has consented to grant value to and can be used to purchase goods and services all over the world.
What makes Bitcoin “digital” is that it is not a physical currency. It is either. It is code. It is digital money!
What makes Bitcoin “cryptocurrency” is that the code is encrypted. It cannot be hacked or counterfeited.
Bitcoin is not just a digital and cryptocurrency, it is also a technology. That technology is called the Blockchain. What is the Blockchain?
The Blockchain is a worldwide network of computers through which all Bitcoin transactions are conducted, confirmed, and recorded. The Blockchain is a massive database and ledger. Each computer in this worldwide network holds the exact same database. They all have the same “heartbeat” and update each other to ensure that the database each of them holds is exact. Not one digit is out of place.
Bitcoin transactions are decentralized and peer-to-peer (P2P). What does that mean! In simplistic terms, it means that all transactions are conducted from person A to person B without the need of banks or financial institutions, which are centralized authorities.
The expression cryptocurrency represents all of the available digital currencies on the crypto-market place. To date, more than 1300. Bitcoin is the Chief or number one cryptocurrency since it was the first one that was created. All other cryptocurrencies that came into existence after Bitcoin are called Altcoins (Alternative Coins).
If you had purchased $10000 worth of Bitcoin back in April 2013 @ $135.00, today – December 7, 2017 – you would be worth $1,234,444.00! There are no signs of Bitcoin slowing down.
Bitcoin is not the only game in town. There are other great cryptocurrencies to invest in. This I can say with certainty, cryptocurrency will make a lot of millionaires in 2018 in short order.
Why am I telling you this? Because I am a cryptocurrency investor and almost beside myself with the gains I am making! I have never seen anything like this. If you want to gain financial independence in short order, fund your retirement, pay off debt, travel, quit that job you hate – all of the above – then, I recommend you learn about cryptocurrency and start investing.