, 2022-11-19 09:55:58,
In this article, we will be taking a look at the 15 major companies that accept Bitcoin as payment. To skip our detailed analysis, you can go directly to see the 5 Major Companies that Accept Bitcoin as Payment.
The world of cryptocurrency is a strange one, and despite having been in existence for well over a decade, anyone dealing in cryptocurrency is still seen as shady, though recent evens, which we’ll talk more about, may provide some reason behind this belief. Bitcoin was the first cryptocurrency in the world, created by a person with the pseudonym Satoshi Nakamoto, whose identity is still unknown. First used in 2009, when its cost was close to $0, Bitcoin’s price has wildly fluctuated ever since. To maintain the bitcoin blockchain, ensuring its completeness and consistency, miners step in, in a method known as proof-of-work, which is extremely time consuming, not to mention requiring a lot of processing power.
Once bitcoin started to gain in popularity, other cryptocurrencies followed, with the total number of cryptocurrencies now exceeding 12,000. The most popular of the other cryptocurrencies is definitely Ethereum, which also has the second highest market cap after Bitcoin and recently shifted from proof-of-work to proof-of-stake, which is expected to result in reduction of consumption of energy by an incredible 99.95%.
While initially costing just a few cents, Bitcoin kept gaining in value over time. In 2010, the…
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