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Bitcoin: What's the Buzz About?
For over a decade now, folks have been banging on about Bitcoin – but what exactly is it? And how could it transform our transactions?
Bitcoin first emerged in October 2008, when a whitepaper began circulating online describing a digital cash system that functions without the need for a bank. Instead, it uses blockchain technology: a way of preserving information in a series of publicly shared yet tamper-proof files. Not clued up on blockchain yet? There’s a video for that!
Since its debut, the value of Bitcoin has grown enormously: at the time, 10,000 Bitcoin was worth about forty dollars; by November 2021, this had ballooned to almost 650 million dollars! But it hasn’t been smooth sailing, and even stormier seas may lie in wait…
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