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Bitcoin and Online Gaming: The Tech Journey

Bitcoin or BTC is a digital currency. It is not backed by the central bank of any country, and it is completely unregulated. How is it making an impact on online gaming?

What makes Bitcoin so popular in online gaming?

What’s Bitcoin All About?

Bitcoin or BTC is a digital currency, otherwise known as a cryptocurrency. It was created as a result of central bank failure in the 2007/2008 global financial crisis. The interesting thing about this digital currency is that open source code is used on a peer-to-peer system. No government or central bank anywhere in the world has authority over the supply of Bitcoin. It is not based on any physical commodities such as gold bullion, nor is it dependent on the performance of any country’s economy. The process of acquiring BTC requires a different approach to conventional fiat currencies. Bitcoin is mined, or is acquired from Bitcoin Exchanges, friends or family.