Bitcoin is the new cash on the web
WHY IS BITCOIN THE NEW CASHON WEB:
It is now being used and promoted back up by early adopters, investors and businesses. It started way back in 2009 and now in its five years had covered the entire world used as a digital currency.
Bitcoin is an open source code or a cryptographic used as a digital currency, peer to peer, without government control and the transaction is publicly recorded thru an online ledger called block chain. Transactions between two partys are confirm by the members using the bitcoin in the block chain so double used of bitcoin is controled.
Bitcoin cost is only 21 million dollars which is calculated to be mined up to the year 2140. It is deflationary and cost less since there are no intermediaries that ads up to any transactions.
The new technology such as bitcoin is the new internet or directly it is more a new digital currency which is being adopted now and the future. It is an alternative to dollar, gold and other currencies which is traditionally being the measure to give value to a certain product and services. We had to go forward and bitcoin would be the new system it is " the new cash on the web".
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