The main uniqueness of the bitcoin is its full decentralization. In its essence, it is designed to ensure that no one, the author or other individuals, groups or governments, can manipulate, fake, confiscate, control, or inflate currency. The final amount of bitcoins is known in advance, and the release of bitcoins into circulation is defined in the network source code. The network has been operating since 2009. The basis for bitcoin creation was the concept of "Bit gold" and "b-Money.
If you want to use bitcoins in everyday life, you will find that you generally can’t buy your favorite products and services for them. It is possible to pay in bitcoins on several e-shops, in the US ordinarily, Europe has some catching up to do, but the number of shops is growing every day. An example is Alza, where you can pay with this cryptocurrency using the BitcoinPay payment gateway.
To make purchases in a bitcoin ATM, you need a web wallet in your mobile, from which you will scan the incoming payment address in the QR code. Bidirectional bitcoin ATMs can print a paper wallet with a private and public key. Regarding bitcoin ATMs, Prague 6 is clearly in the lead: it dominates with 6 two-way ATMs. We cannot fail to mention the luxury Parallel Polis premises, where you can exchange your bitcoins in Bitcoin Coffee. Bitcoin ATMs can also be found outside of Prague, in Brno, Plzeň, Ostrava and Karlovy Vary.
It might be surprising that bitcoin payments in Prague are mainly provided by restaurants and cafés.
Some people say that bitcoin will collapse like a house of cards. Others declare that it is the best form of invested money that yields well. However, gold remains a much more legitimate choice as a safeguard against financial shocks and devaluing currencies.