Money has seamlessly changed forms with passing years. Starting from gold coins, the money took the forms of paper bills and proof of credit. These forms can be physically different from one another, but they are still backed by governments. Legal tenders majorly constitute fiat currencies that are governed by officially established monetary systems. However, in 2009 came the bitcoin—a new digital currency that was not backed by any bank or government but was created using a computer code.
‘Bitcoin has smashed through $7000 on 2nd Nov,’ and to your surprise it’s still making headlines worldwide! However, the irony is – the very digital currency is still a mystery to many, while a decent group is making the most of its existence.