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Bitcoin happens to be the oldest and most popular cryptocurrency in the world. Beginning with the basics, there are three major aspects of Bitcoin;

its origin, the technology behind it (or how it works) and the utility of Bitcoin as money. It was launched on 3rd January 2009 by the mysterious developer or group of developers called “Satoshi Nakamoto”.

The Bitcoin network is not governed by a central authority. You don’t need a middleman to carry out financial transactions; moreover, bitcoins are stored electronically, which is why Bitcoin was launched as a “Peer-to-Peer Electronic Cash System”. Bitcoin possesses multiple qualities that distinguish it from traditional fiat currencies.

It does not exist physically; it is mined independently by people that have the resources to do so; it is stored and maintained using strong cryptographic keys (or passwords), which is why it is called a ‘cryptocurrency’. It runs on a distributed ledger technology called blockchain that records every transaction on the network.

History

2011 - 2012

Bitcoins received acceptance in 2011 from an international non-profit digital rights group called the Electronic Frontier Foundation, who later stopped accepting Bitcoins due to regulatory uncertainty. In 2012, the Bitcoin Foundation was launched, with more than 1000 merchants accepting it as a payment service.

2013 - 2014

In February 2013, the price of one Bitcoin rose to $22. A cryptocurrency exchange in the US got an endorsement in late 2014 from the US Commodity Futures Trading Commission (CFTC) regarding the listing of an OTC (Over the Counter) product that would be based on the price of Bitcoin, marking the first instance of a Bitcoin financial product being approved.

2015 - 2016

These two years were a disaster for bitcoins as multiple cryptocurrency exchanges were hacked. However, this period had several positives, of them being the deployment of around 700 Bitcoin ATMs across the world to help people access their Bitcoins conveniently.

2017 - 2018

The number of merchants and businesses accepting BTC as payment continued to rise exponentially. In December 2017, as the Bitcoin price increased astronomically to its all-time high of $20,000, Bitcoin started gaining further mainstream attention. The rate of transactions increased threefold. However, in 2018, BTC started a bearish run that saw it drop to $3,000 by the start of 2019.

2019 - 2020

In February 2013, the price of one Bitcoin rose to $22. A cryptocurrency exchange in the US got an endorsement in late 2014 from the US Commodity Futures Trading Commission (CFTC) regarding the listing of an OTC (Over the Counter) product that would be based on the price of Bitcoin, marking the first instance of a Bitcoin financial product being approved.

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The everyday rise of Bitcoin as the most recent investment asset is surprising to several people who were previously unaware of its power and assumed that this cryptocurrency niche would never get a real-world value. This world’s oldest cryptocurrency even generated an immeasurable interest from the people who had never heard anything about it before. After getting to know about Bitcoin, people are rushing towards the crypto universe and so, the number of Bitcoin users across the world is increasing every single day. However, right now there are phenomenal opportunities for making this blockchain-driven cryptocurrency online and free of cost.

Getting free Bitcoins (satoshi) is probably easier than one expects. There are primarily two major profitable ways to do so.

The most secure and easy ways to earn significant amount of Satoshis by just sitting at home are our proposals.

So, by now you are well aware of the fact that there are multiple ways by which you can earn profit from the world’s oldest cryptocurrency Bitcoin and the list is essentially limitless. No matter if you want to hold it for the long run or want to make it double by just opting for the choices mentioned above. However, if you consider yourself as a Bitcoin enthusiast, there would be opportunities more than these for you in the market as digital currencies are getting more widespread use cases as financial instruments and everyday payment methods worldwide. The chances to be financially strong using these digital currencies will only continue to expand in the future.

Current scenario

A number of financial forecasters are expecting a huge transformation within the crypto space in coming years. According to them, the Bitcoin payment system is in need of faster transaction speeds and a higher degree of privacy. Developers are constantly working to make Bitcoin better and more suitable for global adoption as time goes on.

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