The creation of Bitcoin (BTC) started in 2008. The first real-world
transaction made using BTC was in May 2010 when Laszlo Hanyecz bought a
pizza in Jacksonville with 10,000 Bitcoins. Five days after Laszlo purchased a pizza using BTC, the price
skyrocketed from $0.008 to $0.08 per Bitcoin. Today, each BTC is worth $1242 and the price has been continually rising to start 2017. On average, roughly $250-$300 million USD is transacted daily using
Bitcoin. There have been some recent problems with increasing transaction fees, but BTC is still a lot cheaper than using e-wallets,such as PayPal, Neteller or Skrill.
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