"How Blockchain is overshadowing Bitcoin, in May 18, 2017 Steve Jobs once said that “the ones who are crazy enough to think they can change the world are the ones who do”. That’s the motto an anonymous person took to heart as he shook up the financial world by creating an unregulated tech-based currency in early 2009. That very currency was developed using another revolutionary technology which is now in the news for its uses beyond trading unregulated online money, and has become a hot topic amongst financial and business executives recently. Let’s discuss what both technologies offer their users, and what the future holds for each. Bitcoin’s introduction Bitcoin is a cryptocurrency, created and held electronically on your PC or in a virtual wallet. No one controls it or sees it – it’s decentralized so no person, institution or bank controls the currency. It was the year 2009 when bitcoin burst onto the financial scene, and soon computers all over the world started running sophisticated programs that would mine blocks of bitcoins by solving extremely complex mathematical equations. Mining bitcoin means to discover or verify new bitcoins because unlike traditional currency, bitcoin cannot be printed. Miners make money every time they discover new bitcoins or verify a bitcoin transaction. " And surely Steve Job expected to utter that very soon Bitcoin will get more and more value.
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