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The term Bitcoin has started getting into people attention with its soaring price in the year 2017. Although the bitcoin came into existence in 2008. But it took the cryptocurrency a long period of 9 years to get the spotlight among the people.
The frequently rising price of bitcoin has dragged the interest of people towards the cryptocurrency investment and today it has become the top trending topic on social media platforms and search engines.

Bitcoin is a decentralized currency which runs virtually and uses peer to peer technology. The digital currency can be stored in wallets and used to buy and sell products and services. The payments are secure and do not have the interference of the third party. Bitcoin has risen very fast in a year from $700-$8,500.

The first transaction took place between Satoshi and Hal Finney in 2009 and in 2010 the person named Laszlo Hanyec bought pizzas and coke for 10,000 bitcoins that have the worth of million dollars now.

Bitcoins are limited in number and gradually approaching to 21 million total coins. While the bitcoin mining is getting tough and complicated with every passing day. The transactions are highly secured and privacy of your transaction and individual identity cannot be revealed. The bitcoin address is made up of random and unique 34 alphanumeric characters.

The bitcoin transaction is irreversible and cannot be reversed once initiated or processed from one end. The bitcoin totally depends on the demand and supply as the people get aware and increasing interest in investment get the growth in demand vice-versa supply.