Bitcoin is a decentralized, open-source cryptocurrency. In 2009 Bitcoin was created by mysterious programmer Satoshi Nakamoto. He wanted a secure and transparent way to exchange money electronically, without a third party involved. Bitcoin was the first cryptocurrency created. Currently, there's a circulating supply of 17,198,612 BTC out of 21,000,000 total coins.
Alt coin Review Date: 8/8/2018
Coin Price at time of Review
If we talk about usability Bitcoin definitely serves its purpose but it’s getting behind on innovation. We have cryptos with faster transactions and lower fees, so why would we really use Bitcoin? The answer is that, as mentioned above, for the sole fact of being the first one is the most accepted by merchants and businesses around the globe. Therefore, if you want to use crypto to buy, say coffee, you have a better shot at being able to purchase it with BTC than with other coins.
I hold Bitcoin I’ve acquired through faucets, but I don’t really plan on buying it directly, there are better projects where I can put my money on.
About the author:
Miriam Ibarra has a Bachelor's Degree in Accounting and has been trading in cryptocurrency since 2016. She is the COO and co-founder of ViveCrypto (2017).