Crypto Bitcoin, Ether, Litecoin etc….

On the Internet, you will see more and more businesses accepting bitcoin. More and more crypto currencies are entering the market such as ether, litecoin, Cardano, Solana etc.. Utilewebsites is going to take a look at whether we can offer bitcoin payment to our customers in addition to the standard avenues such as bank transfer, ideal.

What is bitcoin :

Bitcoin (abbreviated BTC) is a cryptocurrency and a global currency (as a system, Bitcoin is written with a capital letter, as a currency often with a lowercase letter). It is the first decentralized digital currency that operates without a central bank or central administrator. The network is peer-to-peer and transactions happen between users, with no middleman. These transactions are authenticated via network nodes through the use of cryptography and are stored in a public distributed database, known as a blockchain, to which a block is added on average once every 10 minutes.The concept of a blockchain was first described in 1998 by Wei Dai on the cypherpunks mailing list, and implemented in 2009 as open source software under the name Bitcoin by Satoshi Nakamoto (pseudonym of an unknown person or group). Satoshi (abbreviated sat) later also became the name of bitcoin's smallest unit of account: 1 satoshi = 1/100,000,000 bitcoin (one hundred-millionth of one bitcoin) or 0.01 microbitcoin.

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