On the other side are the miners, who want to increase the size of blocks to make the network faster and more scalable. A 2015 survey showed bitcoin users tend to be overwhelmingly white and male, but of varying incomes. The people with the most bitcoins are more likely to be using it for illegal purposes, the survey suggested. True to its origins as an open, decentralized currency, bitcoin is meant to be a quicker, cheaper, and more reliable form of payment than money tied to individual countries. In addition, it’s the only form of money users can theoretically “mine” themselves, if they have the ability. In countries that accept it, you can buy groceries and clothes just as you would with the local currency. Only bitcoin is entirely digital; no one is carrying actual bitcoins around in their pocket.
\nIt\u2019s a very new currency pair, and one that has generated much excitement over the past decade. If you aren\u2019t familiar with BTC\/USD you should take some time to learn about it now. The case which challenged XRP\u2019s classification as a financial security rather than a currency saw the cryptocurrency\u2019s value plunge dramatically. The suit even led to major crypto exchanges delisting Ripple from their platforms. Going forward, cryptocurrency investors will particularly be buoyed by flexible, principle-based, and collaborative regulation efforts by the relevant agencies.<\/p>\n