Bitcoin in Ethiopia, which uses the Blockchain Technology, was first created in 2009 and ever since it has grown popular across the globe.
Simply, these virtual coins are created using an expensive and complicated computerized process called mining.
Ethiopia has seen the Bitcoin network as Bit Club and AWS mining, across the country and more and more people are investing in them.
Recently, there has been widespread controversy as to the legitimacy of the business model used to sell Bitcoins in Ethiopia.
The main income comes from commissions and some exciters are calling it a pyramid scheme instead of what originally BTC had meant. Indeed it is Open Source software used for basic mining.
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