What is Bitcoin and why is Cryptocurrency so popular?

Bitcoin has been a buzzword in the financial space. As for the issue, Bitcoin has exploded over the last few years, and many people and many large companies are now jumping to the cryptocurrency ribbon they want on Bitcoin or part of it.

People who are completely new to the cryptocurrency space are always asking this question; "What is Bitcoin Really?"

Well, for beginners, bitcoin is a digital currency that is beyond the control of any federal government, is used all over the world and can be used to buy food, drinks, real estate, cars and more. .

Why is Bitcoin so important?

Bitcoin is not sensitive to such things as government control and fluctuations in foreign currency. Bitcoin is backed by the full faith of the person (you) and is seriously the same.

This means that everyone is completing transactions with Bitcoin, first and foremost, less expensive than trying to send money to the bank or using any other service that requires sending and receiving money internationally.

For example, if I wanted to send money to speak Chinese or Japanese, I had to pay a fee from a bank and it would take hours, even days, to get that money.

If I use Bitcoin, I can easily do this without my wallet, my mobile phone, or my computer. For example, if I wanted to send gold and silver, it would require a lot of guards, and it would take a lot of time and money to move from the bullet point to the next. Bitcoin can do it again with the help of a finger.

Why do people want to use Bitcoin?

The main reason is that Bitcoin is responding to these unstable governments and situations where money is not as valuable as it used to be. The money we have now; The paper fiat currency we have in our wallet is worthless and will not go down a year later.

We even see big companies interested in blockchain technology. A few weeks ago, a study went on to determine whether or not an Amazon customer wanted to use a cryptocurrency if they created Amazon. The results showed that many were interested. Starbucks also pointed to the use of a blockchain mobile application. Walmart even applied for a patent in a "smart package" that will use blockchain technology to track and identify packages.

Throughout our lives, we have seen many changes in our shopping, watching movies, listening to music, reading books, buying cars, looking for a home, now with our money and banking. Cryptocurrency is here to stay. If you already have one, it is time for everyone to fully learn about cryptocurrency and learn how to take full advantage of this trend that continues to evolve over time.