Bitibu

Bitcoin is the first decentralized peer-to-peer and the most prominent cryptocurrency. Cryptocurrency is a kind of digital currency, which is built on some cryptographic algorithms, and also it is called virtual currency. Bitcoin was started to use in 2009. Since 2009, it has had great interest, investment and contribution by developers and users. It was an alternative to fiat currency, which does not have any central authority to control money. After Bitcoin successful attempt, many alternative coins have been emerged so far for different aims. Developers implemented many different versions of Bitcoin. Some of them use a big portion of Bitcoin source code like Litecoin. Some cryptocurrencies like Zcash, Ripple have been implemented to tackle some deficiencies of Bitcoin like privacy, scalability, energy consumption. Some were developed with innovative ideas by utilizing blockchain idea like Ethereum. Every day, a new altcoin with different feature come to the market and it is believed that cryptocurrency will replace with fiat currency in the future. In our view, there are fundamentally three different types of exchanges: Fiat Currency, Crypto Currency and Fiat & Crypto Currrency. We will focus on Fiat & Crypto Currency Exchange.