Introduced in 2009, Bitcoin is an online, digital currency which doesn’t have a central bank or ownership and is often referred to as a peer-to-peer payment system. Bitcoins are generated through a process known as "mining." This involves using specific software to solve maths problems. When a maths problem is solved, the "miner" is rewarded with a Bitcoin. These Bitcoins can then be exchanged for goods and services. Although the number of companies who accept Bitcoins is currently limited, as the currency becomes more well known the number is growing. Bitcoins can also be bought using other currencies. Bitcoin is also a "crypto-currency" which means it uses cryptography to drive the production of Bitcoins and Bitcoin transactions. This makes the currency extremely secure. The "block chain," which is effectively a public book of accounts, is used to check that genuine Bitcoins are being exchanged in all transactions. Bitcoin benefits from no limits of exchange as users can perform instant transactions at an
Bitcoin to Euro conversion
this page last updated:: Wed 22 Nov 2017
Convert Bitcoin to Euro
There are currently over 951 billion Euros in circulation. This is more than any other currency in the world. Two European countries, Denmark and the United Kingdom, do not yet use the Euro currency. France was the first country to produce Euro coins. Before the introduction of the Euro currency, Italy did not use coins as the lowest banknote was 1000 Lira which was equal to 0.5 Euro.
Bitcoin to Euro table