WHAT IS BITCOINS AND HOW OS MONEY ??

 Bitcoin is a form of crypt-currency that is gradually gaining wide acceptance in the business world today as a means of transaction and it eliminates the need for a middle man. As the world is going cashless, wireless, etc, so is paper money going digital. That's where Bitcoin comes into play. Bitcoin always appreciates in value and is a surefire way of securing your investment. 1 Bitcoin today is equivalent to $650 which in turn is equivalent to 450,000naira+
It was created in 2009 to make financial transactions across border easy and seamless and it is used for all forms of payment transactions.It has gained popularity in Nigeria since the federal government made some foreign exchange restrictions.The major difference between Bitcoin and our normal currency like naira, pounds, dollars, etc is that Bitcoin is digital and doesn't come in print form and is not produced by any central bank in the world.Aside the difference, Bitcoin shares very close similarities with the other normal currencies.A unit of Bitcoin is called Satoshi, the same way we have the cent for dollar, and Kobe for Naira,000,000 Satoshi makes a Bitcoin, same way 100 Kobe makes a Naira. Bitcoin is recognized and accepted by many online retail outlets as payment (Google retail outlets that accept Bitcoin payments)You can sell and buy Bitcoins from both local and online exchanges such as Naira, standard gold, bits, Naira 4 dollar etc, same way you buy dollars from bureau DE change or banks.To store your Bitcoin, you need a storage called a Bitcoin wallet. A wallet is where your Bitcoins are stored and are easily accessible to you anywhere in the World, whether you are in China, Russia or Nigeria, you can easily access your wallet and sell the Bitcoins in exchange for the currency of that country. Isn't this amazing?