The financial world can be a confusing place full of strange terms, unusual forms of currency, and endless trading options. Unfortunately for those who are not so tech savvy, the integration of the internet into our daily lives has allowed the financial world to evolve. In addition to extensive banking, payment, and stock options that have become the norm online, there are also new currencies that have been created. These cryptocurrencies, digital currencies with encryptions to maintain security and validity, feature a real value and can be exchanged for USD, GBP, or any other type of physical currency through online options. The most popular type of virtual currency is known as Bitcoin and has steadily begun to rise in popularity and strength over the years. At first glance, Bitcoin may sound confusing, however below are ten facts that will truly explain in layman’s terms what exactly bitcoin is and how it came to be. No one single entity controls this currency. Confusing? ...
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