Bitcoin and Ethereum Were Two of Google’s Most Popular Searches This Week – Futurism

In Brief Cryptocurrencies are rising in popularity, thanks to Bitcoin, the world's most famous decentralized digital coin. With growing mainstream uses and increasing market value, could Bitcoin be the future of financial transactions? The Cryptocurrency Trend

The rise of Bitcoin has become undeniable: while it was once notoriously relegated to the darkest corners of the web, its ascension to become one of the worlds most popular cryptocurrencies has been rapid. Its become even more difficult to deny in the last few months.

In 2016, Bitcoin surged past the value of all bank-issued currency. Its been breaking all-time high market valuation recordssince February even momentarily surpassing goldbackin March. Currently, Bitcoin is at valued at $2,482.05 (at time of publication).

Things have been downright phenomenal for Bitcoin as of late. Its hit another record just this week, landing on the top 5 Google searches in the United States on Monday. Those of you whove been following Bitcoins growing legacy are probably already familiar with why last Monday was special: seven years ago, on May 22, 2010, someone bought two pizzas using 10,000 Bitcoin. Today, that would be worth some $20 million. That date is now celebrated among Bitcoin users as Bitcoin Pizza Day a remembrance of possibly the most expensive pizzas ever bought and for Bitcoins meteoricrise to fame.

Bitcoin may have some competition hot on its heels, though: anothercryptocurrency called Ethereumis coming in at number 18 in the top search results. Ethereums rising popularity isespecially of interest among enterprise users.

Bitcoins growing popularity isnt just a testament to the future of cryptocurrency; its also proof of the reliability of the technology behind it called blockchain. As a potentially more secure and decentralized system of data ledgers, blockchain has attracted a great deal of attentionfrom a number of sectors, although its becomeespecially popular in finance. Still, its proving to not be limited to such fiscal ventures. Indeed, the future of financeas a whole could be in cryptocurrency and a blockchain-based economy.

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Bitcoin and Ethereum Were Two of Google's Most Popular Searches This Week - Futurism