Cryptocurrencies are quickly becoming popular and hold a bright future for investors around the world. Many believe it will one day prove to be the money of the future. Regardless, today they're a global phenomenon known by almost everyone. However, many governments, banks and companies are still unable to grasp their vital importance to the economy.
However, many governments, banks and companies are still unable to grasp their vital importance to the economy. But, like all technological advances, it will require some time and patience before the full impact can be understood. Nonetheless, cryptocurrencies will almost surely flourish and multiply in the near future, and experts everywhere agree that 2018 may be the biggest year to date.
Bitcoin – The Cryptocurrency that Keeps On Rising
Bitcoin is the first and most important of all cryptocurrencies… and thus the most popular. This payment system has been around since late 2008, though it only recently started hitting the news and online media in early 2013 and has only grown in reputation since. Many applications and websites have been built on the Bitcoin blockchain technology. Everyday the number of users are increasing. It simply cannot die.
Who Created Bitcoin?
The first question you may be asking yourself is, who created Bitcoin? Unfortunately, there is no quick and simple answer to that. The creation of the most talked about cryptocurrency in human history is a tale surrounded by a cloud of mystery and intrigue. The creator of Bitcoin goes by the pseudonym Satoshi Nakamoto and to this day, this figure remains completely anonymous. Actually, a number of people have been suspected of being behind the creation of Bitcoin. Some say it might be Tesla CEO Elon Musk. Recently, 45-year-old Australian IT consultant Craig Wright has claimed he is in fact Satoshi Nakamoto. Others, also, have been linked to the creation of the famous cryptocurrency. Despite the various speculations, the truth is we may never know the truth.
What are its Main Advantages?
Well, for starters, transactions can be made anonymously and peer-to-peer, without an intermediary, meaning it is safe and decentralized and does respond to a Central Bank. Unlike conventional currency, Bitcoin cannot be controlled, regulated or manipulated by banks or governments, making it an extremely attractive option for investors worldwide. Also, it cannot be counterfeited due to its complex code system where each transfer is encrypted.
You have probably already heard of the phrase "Bitcoin Mining"? In basic terms, this is how new Bitcoins are created and put into circulation. It can be defined as the process by which all transactions are verified and added to the Public Ledger. In other words: how new Bitcoins are made available. Approximately every 10 minutes mining computers collect pending Bitcoin transactions, known as a block, and convert them into a complex mathematical puzzle. After 99 blocks have been added to the ledger, the miner who discovers the solution receives 25 Bitcoins as a reward. Anyone with a computer and mining hardware can participate in Bitcoin Mining.
Bitcoin Can Make a Genuinely Rewarding Investment Endeavor.
Sometimes, when doing a lot of research on a topic like Bitcoin, it can seem much more confusing than it really is. We understand you may have many questions, and Top Site Reviews is here to answer all of them. Simply stated, Bitcoin is a digital currency that offers an alternative to hard currency such as the U.S. dollar. The good news is anyone can buy Bitcoins, no matter where you’re located. However, one of the first things you should consider when choosing a trustworthy exchange is security.
If you came to Top Site Reviews interested in understanding where and how to guy Bitcoins, rest assured, we are here to help by lending you our knowledge and expertise and guiding you through every step of the process.
Who Are the Most Trusted Bitcoin Operators?
Bitcoin Operators or Bitcoin Exchanges can be defined as a virtual marketplace where traders (people like you) can buy and sell bitcoins through an online platform that serves as an intermediary between buyers and sellers. Bitcoins can be bought and sold with fiat currency (for example, U.S. dollars) or altcoins.
Of course, it’s important to find a service that you trust. The goal of Top Site Reviews is to recommend only top-notch Bitcoin Exchanges who we consider super safe, because when you buy and sell Bitcoins, you want to do it without worrying. Depending on where you live, there is usually more than one option available. The good ones, those who offer the best features, can sometimes be difficult to find.
When Choosing a Bitcoin Exchange, Be Sure to Look for the Following Characteristics:
- Easy to use
- Withdraw money without hassle or problems
- Online Wallet
- A huge base of longtime customers
- Simple verification process
- Various payment methods
- Low rates
- Reliable servers that don’t suffer during traffic spikes
- Fully decentralized
- p2p payments
As you can imagine, it’s impossible to find the perfect Bitcoin Exchange, since none of them offer all of these options. Every operator has its advantages and disadvantages. When choosing your Exchange, it’s wise to discard those operators who are the least safe. This is where Top Site Reviews can facilitate things greatly.
We have amassed a huge selection of Bitcoin Exchanges on our website and reviewed every one of them thoroughly. Come inside and browse through our selection, read our reviews and site ratings, check the features for each site, their pros and cons, how long they’ve been around, how many customers they have and what they have to say.
This may be the biggest year for cryptocurrencies, especially Bitcoin, so make sure you’re working with a solid, reputable Exchange and watch your income grow. But don’t wait too long. You might want to get in now, before Bitcoin hits 50,000 USD!