Being able to accept Bitcoin is the future of payment processing and beyond!
“Yes, still lots of people don’t understand exactly what bitcoin really is or how it even works.”
Bitcoin is a cryptocurrency, which cryptocurrency is a digital asset that works as a medium of exchange by design. Allowing the use of strong cryptography to secure financial transactions, control the creation of additional units, and also verify the transfer of assets.
First, to understand what bitcoin is it’s best to have a fundamental foundation for how cryptocurrency as a digital asset works.
What makes bitcoin so appealing is that it is a decentralized digital currency.
This means, Bitcoin operates without a central bank or single administrator, which is sent from user to user through a peer-to-peer bitcoin network and without needing intermediaries.
Hence the meaning “decentralized” digital currency!
Blockchain Domains that accept bitcoin and other cryptocurrencies will transform payment processing forever.