Surname 1Name:Professor:Course:Date:BitcoinsBitcoin is a new currency introduced in 2009 by an anonymous person who used the aliasSatoshi Nakamoto. It is transacted without middle a man which means that there are no banksinvolved. It does not include transaction fees, and there is no need to using your real name whenmaking a transaction. Merchants are now accepting the mode of payment where people can useBitcoins to pay for web hosting services, pedicures, and manicures as well as pizzas. They areused in buying merchandise anonymously additionally; Bitcoins have made internationalpayments easy and cheap since they are not tied to any country. Many businesses like paymentthrough Bitcoins because there are no credit card fees involved. However, some people buy theBitcoins with a hope of the increase in value.Bitcoin mining is the verification process of transactions where th ...
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