Well ahead of others, Bitcoin (ВТС) remains the most popular cryptocurrency in the world. It is sometimes called the digital gold of the crypto market. Bitcoin was the first currency to be based on blockchain technology which served as a foundation for creating a global distributed database. The technology is used to verify, store, and conduct transactions worldwide. Unlike government-issued currencies, Bitcoin is a completely decentralized digital asset. Some key factors that have contributed to Bitcoin’s popularity include instant low-cost transactions available 24/7, a high degree of security, and user’s full anonymity.