Some things about Bitcoin

Friends, we have heard the word Bitcoin, Satoshi, through various social networking sites like Facebook, Twitter, YouTube, Google or PTC website. Which has become one of the most popular means of online coin . There are many online coin in the world such as bitcoin, Ethercoin ,dogcoin, lite coin etc , Bitcoin is one of them. Bitcoin is a type of cryptocurrency. that currently the largest cryptocurrency in the world. The only reason this cryptocurrency became popular now is that the price of the day is rising.

Since the popularity of this transaction is increasing, we need to know about it. So , Today our discussion is the topic Bitcoin.

• What is Bitcoin?
• When did Bitcoin start from?
• How to earn it?
• How can it be spent?
• How many features of this?
• And some of its advantages and disadvantages.

At first we will know about Bitcoin

We first learned that Bitcoin is a kind of cryptocurrency. cryptocurrency is a type of digital currency. It has no physical form. Generally we can see that currency notes are available in almost every country in the money market, which we can see and the price of that note is determined by the government or the bank's taxpayer, which is why we deal with that currency reliably. But Bitcoin is not completely aware of the price of the exception.
When we make money online, then at a fixed rate, the online charges are cut. But there is no cost in the transaction of bitcoin. Bitcoin is controlled by cryptography. LinkedIn's identity is kept completely confidential for transactions in bit coins.

Bitcoin's journey started in January 2009. Actually its actual founder or who nobody knows.

Bitcoin can not be seen, It in an abstract transaction system. Because of the peer-to-peer system, Bitcoin goes directly from the sender's 'wallet'. Bitcoin is giving an address in the wallet to wallet transaction. As soon as each transaction is completed, a new bit of coins is generated through bitcoin mining. If you send Bitcoin from one address to another address then it will be recorded in Blockchain . This process of making Bitcoin transactions and new Bitcoin is very secure. As a result, there is no possibility of deceit or cheating. Both parties have identical secrets.

Some unique features of Bitcoin

 Bitcoin may be a absolutely fast currency system. the govt. or any authority doesn't management it. As a results of the peer-to-peer system, each user here is that the real owner of Bitcoin. somebody else cannot take possession of their Bitcoin network.
 Bitcoin transactions square measure in no time. no matter bitcoin sent from the top of the planet, it'll reach the recipient inside many minutes.
 Bitcoin Account is incredibly simple to open. during this case, there's no have to be compelled to fill any hassle kind like gap a standard checking account. No additional fees area unit needed. No papers ought to be submitted.

But Bitcoin has some difficulty. That is Bitcoin is totally off the shelf. That is, if somebody sends Bitcoin wrong to any wrong address, it cannot be came back back. The Bitcoin dealings doesn't management any organization. The identity of each the sender and therefore the recipient is totally hidden. Bitcoin costs ar terribly unstable. typically an enormous quantity of ever will increase, typically an enormous crash.

Currently 1 bitcoin is equal to more than $ 10000. Which is increasing day by day But since there's no authority to see its price, there's no government and there's no bank, thus its price goes up . as a result of you and that i have faith in during this currency, we are able to exchange it with one another. Friends, if you have some idea about Bitcoin from this article, then my trouble will be successful.