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Bitcoin is an online digital currency, just like a dollar or a pound but with a few exceptions. Introduced by Satoshi Nakamoto in 2009, Bitcoin engages in a peer-to-peer payment system where no intermediaries exist and goods can be securely transferred between any two people on the planet. It is associated with a heavy network of computers and the unit of currency for the Bitcoin system (appropriately called Bitcoin) can be simply acquired by joining the vast network. Bitcoin provides a fast cheap and secure transaction alternative but few are willing to take the jump for it. So the one million dollar question still lingers, is Bitcoin a secure investment? Bitcoin is only a few years old, an interesting creation that has awed many and for the record, has attained a name in the top financial charts. Its popularity has spanned and it has led some of the top businesses like Virgin Galactic to consider it as an acceptable source of payment. Bitcoin prices increase at rates of up to 10% an...

For those who have not been following the saga of Crypto Currency, Bitcoin and Litecoin, it may come as a surprise that currencies with no intrinsic value remain a volatile commodity for investors. For those who have been keeping up with conversion rates for digital currency it is clear that the very volatility that has defined pseudo-currency is what is keeping investors interested in this field. Recent changes in the value of such currency as well as the bankruptcy of one of the biggest platforms in the world exchanging Bitcoins has called into question the future of this digital money. However, experts reassure those who want to use Crypto Currency, Litecoin and Bitcoin that the "fad" that led to digital money is probably here to stay. A Short History of Bitcoin, Litecoin and Crypto Currency Bitcoin and other forms of pseudo-currency are used as payments for transaction fees, products and services. Bitcoins or Litecoins can be exchanged for "real" currency at a...

Currency refers to electronic currencies stored electronically in banks, and makes up one out of three forms of electronic currency. While paper money is still used globally, up to 80% of the world's currency is stored through banks electronically. From its infancy, it has grown from an alternative to conducting business to a primary form of e-commerce, and only seems to continue to grow. Origins The first digital currency was created during the first internet bubble of the early 2000s. It was named E-Gold and was founded in 1996 by Gold & Sliver Reserve Inc, which allowed users to transfer small amounts of the values of gold electronically. In the spring of 2000, it became the first electronic currency to offer an exchange service for other currencies. Launching two years before PayPal, by 2004 it had over a million accounts. Another service starting in 2006, Liberty Reserve, allowed its clients to convert euros or dollars to Liberty Reserve money, and then back again. Unfo...