Now, more Greeks are joining many people all over the world in buying Bitcoin as the crytocurrency already shows increasing acceptance of Bitcoin as a legitimate currency and quite a valuable asset across the world.
Bitcoin is actually a payment system invented by Japanese Satoshi Nakamoto when he first published it in 2008 and released it subsequently as an open-source software a year later.
The system is actually peer-to-peer, which means that users can transact directly without requiring an intermediary to facilitate the transaction. Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain.
It also works without a central repository or single administrator which led the US Treasury to categorize Bitcoin as a decentralized virtual currency. Although it was often referred to as the first cryptocurency, Bitcoin is more correctly described as the first decentralized digital currency and the largest of its kind in term of total market value.