A year ago, people were hearing more and more about a new form of currency called cryptocurrency. The most famous and popular of this form of “money” is Bitcoin. In the latter half of 2017, Bitcoin – along with Litecoin, Ethereum, Ripple, and others – started really grabbing the world’s attention. The problem was, it was feast or famine as far as understanding what Bitcoin and other forms of cryptocurrency actually are.
“It is the internet’s version of money – a unique pieces of digital property that can be transferred from one person to another. Bitcoins are generated by using an open-source computer program to solve complex math problems. This process is known as mining.
Each Bitcoin has it’s own unique fingerprint and is defined by a public address and a private key – or strings of numbers and letters that give each a specific identity. They are also characterized by their position in a public database of all Bitcoin transactions known as the blockchain.”
If you’re still a little cloudy, it’s okay, you’re not alone. However, it turns out more people do understand how it works, and possibly a little too well. While it’s difficult to pinpoint the exact number of people trading cryptocurrency, Castle Craig Hospital puts the estimate at 13 million.
The directors of Castle Craig Hospital say it goes beyond just trading Bitcoin and the cryptocurrency craze has entered a new realm: addiction. They’ve now opened a treatment facility for those who can’t stop trading cryptocurrency.