What Is Bitcoin

Since 2008, almost a dozen hacks of cryptocurrency exchanges have occur. Losses range in the hundreds of millions (dollars). Relatively speaking, however, conventional banking and financial institutions have lost billions of dollars to cybercriminals during this same timeframe. Programmers and cryptocurrency communities are working hard to identify and mend the vulnerabilities in their blockchain networks. If bitcoin becomes an acceptable currency for real-world vendors, government central banks may actually find their role upstaged by sophisticated computer algorithms.On a personal level, anyone who invests in Bitcoin should have the proper internet security in place before accessing financial information and making transactions