Traditional Culture Encyclopedia - Hotel accommodation - What is the practical use of Bitcoin?

What is the practical use of Bitcoin?

1. Bitcoin can be used to buy silver and gold from dozens of companies and support payment on the Internet;

2. Many real estate companies in the world support payment with bitcoin, and there are also real estate companies with bitcoin as the theme;

3. Bitcoin can be used to book hotels. CheapAir and Expedia, for example, accept bitcoin payments. In addition, bitcoin can also be used to book air tickets. A British airline cooperated with Utrust to establish a website that can be paid in virtual currency;

4. Bitcoin can be used to buy virtual devices in online games.

Introduction to bitcoin

Bit coin, named bitcoin in English, is a kind of virtual digital currency. In June 2008, Satoshi Nakamoto officially put forward the related concepts of Bitcoin, and on June 3, 2009, Bitcoin was born. Bitcoin does not depend on any organization for distribution, but is generated through a specific algorithm. Bitcoin uses the relevant knowledge of cryptography to ensure that it can't be tampered with and forged. In June, 20021,El Salvador officially established Bitcoin as the national legal tender.