Every day more and more people are using Bitcoin in their day-to-day lives. It’s increasingly accepted in business, not only small, independent ones, but massive corporations such as Tesla are allowing customers to pay for their products using Bitcoin. Created in 2008 and launched in 2009 by an unknown person under the pseudonym Satoshi Nakamoto, the purpose of bitcoin was to create a way for people to send each other money over the internet without the need for a central authority.
Starting off being worth fractions of a penny, Bitcoin is currently worth over $40,000 at the time of writing (though if you know anything about Bitcoin you’ll know that this is likely to change by the time you read it!). So how has it seen such a meteoric rise in the past 13/14 years, and why are people convinced that it’s the currency of the future?
Bitcoin was created to be a means of sending money electronically, without the need for a central authority – and it’s that last part of the sentence that’s key to why Bitcoin is revolutionary. You see, for years there have been ways to send…
