In recent months , I have seen the exponential rise in the value of bitcoin . I do not know what bitcoin and had never heard of crypto currency a few months ago . But it has received government money crypto recently and the media attention they have received all the attention .
Crypto currency or digital money just over rapidly gaining acceptance throughout the world because it makes transactions faster and cheaper . The transaction is protected by cryptography , and each transaction has its own signature or the private key . With the increasing value and popularity , everyone wants a piece of the action . There are two main ways to make money with bitcoin money . The first is a relatively simple method to buying the currency as an investment and hope that the value increases . The second is the process of bitcoin mining . Once the transaction has taken place , they are then monitored over the network by ” miners ” using complex algorithms . In return for their work , they get a transaction.