Created in 2009, Bitcoin has been the most sought-after cryptocurrency. Since its inception, it has become the go-to choice for all those looking to invest in digital currencies. One of the main attractions of Bitcoin investment is that it offers the promise of low transaction rates, as compared to other payment models. While you can’t reach out and physically touch a Bitcoin, these are balances that are kept secured in a public ledger that’s easily accessible to everyone. A massive amount of computing power goes into verifying each Bitcoin transaction, so it’s safe to say that investing in Bitcoins is relatively safe.
Despite Bitcoin not being considered a legal tender, as in, not backed by governments, it is still a tremendously popular investment and has resulted in the launch of dozens of other cryptocurrencies that are also traded online, some of which are more popular than others (Etherum, Litecoin, etc.).
