The Practical Usages of Bitcoin
Bitcoin was introduced as the first cryptocurrency in 2009 that aimed to provide an alternative to fiat currency users. Fiat currency is the government-recognized legal tender used in bitcoin leads. It had been the only currency type that was available to the people for a very long time. However, a need was felt to phase out the central regulatory body so that a transaction can occur purely between two parties without any external interventions. So, it can be safely said that when Satoshi Nakamoto designed Bitcoin, he certainly saw it as a currency that had as many practical usages as fiat currency, if not more. Use of Bitcoin as a currency Bitcoin was introduced as a digital currency. It means that its primary use is being used as a medium of exchange in any financial transa...
