If you have been living under a rock the past 5 years or so, then you may not have heard of Bitcoin.
Bitcoin is without question one of the greatest technological innovations that occurred over the past decade+. Bitcoin is a virtual currency that is unmatched by all the ones that came before it. Never before has a virtual currency had the potential of such global scale and reliability that Bitcoin has. This is why it has been accepted as a payment method by hundreds of thousands of companies, including major names such as Microsoft, Subway, and Wordpress just to name a few.
There are many reasons why Bitcoin is such an attractive payment method. Some of the most common reasons are due to the decentralized nature of it which provides:
All payments are handled by the blockchain, which is a public ledger of all the Bitcoin transactions that have ever been executed, a true innovation in it’s design. Here is a more specific definition of a blockchain by wikipedia - “A blockchain is a distributed database that maintains a continuously-growing list of records called blocks secured from tampering and revision.”
Bitcoin is essentially virtual money, so in order to use it, you need to buy it online (or in other words exchange your own currency to Bitcoin.). If your country is included in this list, then signing up on their website (coinbase.com) is one of the easiest and trustworthy ways to get Bitcoin. If your country is not in the supported list above, then you can follow this easy guide to signup on a different yet highly trusted and respected site blockchain.com to get started