Sunderland Echo

Is bitcoin really the new global currency?

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his conception was initially introduced in his research paper called “Bitcoin: A Peer-to-Peer Electronic Cash System” in 2008. by the masses is another question. In the meantime you’ll only be able to spend your money with certain retailers. Mostly online and in London, trying to pay with bitcoins at your local supermarke­t probably isn’t going to work. Although bitcoin transactio­ns can be viewed by the public address (around 30 characters of numbers and letters) they reveal no identifyin­g informatio­n which has meant bitcoin being recognised as an “anonymous currency”. Bitcoin isn’t slowing down either and bitcoin.com boasts, “Short of turning off the entire world’s internet, and keeping it turned off, the bitcoin network is unstoppabl­e and uncensorab­le.”

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