bitcoin creation: In 2016, the virtual currency more than doubled in value making it the number one gainer in global currency trading, according to Deutsche Welle. Bitcoin was launched in 2009 as a bit of encrypted software written by someone using the Japanese-sounding name Satoshi Nakamoto. It is now within reach of its historic high of more than 1,200 reached in 2013. Earlier this year secretive Australian entrepreneur Craig Wright said that he was the creator, but some have raised doubts over his claim. Unlike traditional currencies such as the dollar or the euro, which are issued and controlled by a central bank, Bitcoin creation is decentralized. The supply of Bitcoin is limited and it trades in cyberspace.
(news.financializer.com). As
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