Bitcoin purchases are done on a Blockchain.
What is a Blockchain?
The definition is: " A digital ledger of transactions that is duplicated and distributed across the entire network of computer systems." In other words, a Blockchain is transactions made public on the computer. When a person uses Bitcoin, it is made public on the Blockchain.
Bitcoin, a cryptocurrency, is a popular way to make purchases. It is predicted that 1 unit will be worth $318,000, and perhaps as high as $500,000 in the year 2025. That being said, Bitcoin is a little risky, because of possible identity theft, but the risks may be well worth it.
What is Cryptocurrency?
It is a digital way to purchase, with no bank involved. Max Kaiser predicts that 1 unit will be worth $100,000 by 2025, and could go as high as $400,000 in the long term. As of July, 2021, the price of one unit costs $32,979.