But it should also be acknowledged that howsoever ripe the chances of digital currency to create wealth, it has often been seen with suspicion by the governmental and the financial sector.
Bitcoin was created by Satoshi Nakamoto and unlike the fiat money, the cryptocurrency is neither produced by banks nor controlled by the governments but still it is growing by the day.
What makes Bitcoin the currency of the present and also the future is the fact that it is cheap to transfer (negligible cost), and also because it can be protected against inflation.
DMD also says that Bitcoin and other cryptocurrency can be used to the advantage of the people especially in those parts of the world where financial options are dearer. It also believes that the digital currency can be used to help those whom the traditional financial sectors, such as banks, have so far not been able to reach.
One of the most important aspects of Bitcoin is known as ‘Mining.’ It is a process by which the transaction records are added to the