HOW BITCOIN HELPED TRANSFORM DIGITAL HISTORY~BITCOIN WORLDBREIF Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Bitcoin was born in 2009 when no one had ever taught that something similar could come from the digital sphere. When it was born, it brought with it the so-called exchanges which are very important in facilitating the buying and selling of digital currency. Bitcoin currency is not a physical currency at hand, but a set of programmed currency that has an unstable value compared to ordinary real-life money. When it first appeared, it had very low value and wasn't very accepted because there was some controversy about it and how illegal it was. Despite all odds, it grew and started spreading across the nations like wildfire and its acceptance also grew equally. HOW BITCOIN HAS BEEN USEFUL TO PEOPLE This Bitcoin has helped in carrying out all forms of transactions which are normally carried out in banks or other institutions without involving intermediaries for the activities. So this makes it completely safe, unique and satisfying for people who have started using it. More importantly, its ability to make people rich cannot be underestimated as its price continues to rise year after year. This means that people who purchase a certain amount of coin over a period get the value of their Bitcoin doubled if not tripled, thus increasing their wealth in no time. ADVANCED USE OF BITCOIN With all the good it has brought, the digital community has taken a new shape and is now respected by all because of what Bitcoin has brought and the change it has brought to the plane. However, the fact that this digital currency is not limited to use only in a particular nation, it will continue to thrive as a global currency that can be used or exchanged between users and even used as a means of payment for individuals seeking to use it in any part of the world. It has a developing impact even for small businesses that incorporate it into their operations and this also pushes more companies and brands to want to use it. It also happens that those who wish to increase their wealth or assets simply have to buy them and wait for their value to increase further. This is the beauty of this coin and since it is being successful, it also makes it possible to program and use other coins of its kind in just the same way it is used, but with other distinct applications. HOW BITCOIN WORKS WITH EXCHANGES TO SATISFY ITS USERS GLOBALLY Since it exists in the form of digital forms and not in a physical state, it has allowed users to acquire any amount or value of it with the trust money of any country using some assigned platforms called exchanges for this reason. This exchange works to ensure that users can buy Bitcoin of any value with the money they have on hand and also allows them to sell, for example for those who have enough or who have seen their assets doubled due to the rise of the coin. They can sell and recover their monetary value in USD or other currencies around the world. This association of Bitcoin with these exchanges has given them an added edge as people now see it as easy and profitable for them to be a part of it. THE TRANSFERABILITY OF BITCOIN Keep in mind: this is just an example. Get a custom paper from our expert writers now. Get a Custom EssayJust because it dominated and led the digital ways, Bitcoin became.