Bitcoin catches up news headlines time and again due to multitude of reasons and diverse perspectives of the experts and traders about it. Despite being a digital currency, its popularity has left the industry wondering and worried at the same time. While some financial specialists had termed it as ‘the future of money’, some termed it as the “drug dealer’s dream.” There are still some others who consider it as “disruptive” or “transformative.” Dealing with Bitcoin not only provides you complete anonymity which lacks in traditional banking and trading; it has also radically changed the way we do banking and online transactions. Let’s discuss how Bitcoin trading is moving the world ahead and what challenges lie for it in its onward march.
What is Bitcoin Mining?
There’s been much buzz around Bitcoin of late, which has already smashed through a whopping $7,000 in the first week of November 2017. Traded by millions all over the world, Bitcoin once more made the headlines with this phenomenal appreciation in its value, attracting more and more traders to invest in it. Investing in Bitcoin is a Wow business, only if you know your rise and limits, while the market is fluctuating. However, apart from this, how well you know what generates Bitcoin to be available in the public ledger? The process is known as Bitcoin Mining.