Bitcoin is the most known cryptocurrency developed to work as peer-to-peer electronic cash. It was conceived in 2008 and designed as open-source software with the consensus method known as proof-of-work (mining). It has existed for the past 12 years, and on November 10, 2021, it achieved its all-time high in value, $68,789. Now, due to the extreme fluctuations in Bitcoin’s value and many people losing money on it, there has been a lot of debate on whether or not this type of currency would last.
Ever since the introduction of Bitcoin, the world has been fascinated with it and trying to understand what this astonishing new digital currency is all about. What will the future hold for it and its users?
At Crypto.auz.net, we are journalists and editors who are passionate about this digital coin as well as how society is changing in response to new blockchain technologies. Here we cover the latest bitcoin news, top news, international reporting, and investigative journalism.
