Bitcoin is one of the most famous cryptocurrencies in today’s world. Cryptocurrency is the name of a certain kind of digital currency which is used as a real currency with the help of an encryption technology called cryptography. In the year 2019 Bitcoin became the first reality that changed the graphs for cryptocurrencies all over the world. Over a very short period, Bitcoin has been able to gather a lot of attractions and a lot of investments from all over. Here in this article, we will talk about what the possible future for Bitcoin may look like. But before that let’s get a short understanding of what Bitcoin is.
What Bitcoin is:
Bitcoin is a cryptocurrency which as far as transactions are concerned is similar to other world currencies like Dollars and pounds but is very different. first of all, it is decentralized which means that not one single Central agency controls or manages it. To this day, Bitcoin is managed by an anonymous volunteer coders from an open network. Bitcoin uses of technology known as peer-to-peer which allows it to do all functions with the help of the network.
What the future may look like:
The probable future of Bitcoin has been the subject of a lot of debates. While some parties have certain negative views about the future, most academicians say that the future holds a bright time for these cryptocurrencies.
What are the main features of Bitcoin is decentralization which enables it to allow its users to transact anonymously? Today yes this has become an issue for concern for various Federal authorities of many countries. For example, some of the United States’ most important Federal agencies including the FBI and Homeland Security has raised eyebrows about transactions made through Bitcoin. In the future, it is fairly possible that scrutiny of Bitcoin my increase by a significant amount.