Bitcoin has been known to fluctuate quite wildly in the past, but for now it has stabilized and is considered a relatively safe form of online banking currency, employed by literally millions of people around the world. ![]() Users of this currency have followed its ups and downs with interest over the years. Instead, it is a 100% independent, decentralized peer-to-peer network which has its data stored in blockchain. ![]() There is no specific entity that controls the Bitcoin system. These ‘miners’ open source software that use encryption techniques to generate and regulate Bitcoin. Currently, Bitcoin is the most well-known form of 'cryptocurrency': the name given to digital currencies in which encryption techniques are used to verify transactions and regulate the generation of units.īitcoin was created by tech-minded people in 2009 that use a process called mining. Unlike physical currencies such as Rands and Dollars, Bitcoins are not tangible, printed money, but exist exclusively in the digital space. Before we go any further, let’s clarify exactly what Bitcoin is:īitcoin is a type of digital currency that's created and held electronically online. Essentially, these are online casinos that offer their players the opportunity to pay for their gaming entertainment using the crypto-currency known as Bitcoin (or BTC for short). ![]() If you’ve spent some time in the online casino sphere, you will most certainly have come across the concept of Bitcoin casinos.
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