A form of digital currency is a bitcoin. The coins or notes in your pocket are actually present; But bitcoin is a virtual currency and it is available online. Banks or governments do not print this currency. Bitcoins are made from the very expensive process of 'mining'. More talk of bitcoin has been going on in social media since last few days. But many people do not know what this bitoke is. So let's know about it today ...
Bitcoin was started in January 2009. Anyone from anywhere in the world can make payments using this virtual currency from anywhere. More importantly, there is no need for any bank to pay for this payment. The use of bitcoin is based on peer to peer technology. This means that transaction can be done through two computers using bitcoin. There is no need for any bank for this transaction.
BitCoin is an open source currency. Anyone can do this through this transaction. Because it does not require any registration or ID. However, transaction can not be done through bitcoin. Bitcoin, launched in 2009, has just crossed the $ 18,000 mark. So, with hackers, Bitcoin is now coming out with the likes of investors. Although this has been recognized abroad, India has not received any approval for this.
Satoshi Nakamoto (Satoshi Nakamoto), a computer expert, introduced bittoin technology in 2009 and gradually increased its use. At present, there are 10.71 million bitcoins on the internet and worth $ 210 million, which is approximately 13 billion and is increasing day by day. The main reason for the existence of bitcoin is by decentralizing the currency, bringing a uniform currency for transactions on the Internet. Many citizens have started using bitcoin but in some places it is being used as a national currency option.
Anyone can charge this currency. It can be purchased from the website that deals with its currency. It can be sold when you need it. All transactions are done in digital format. It has no color, no form. This is not available in any physical form such as paper or metal. This is not a use for the day-to-day business of the general public. This is not an official currency of any country. But many countries have approved him.
After Japan approved it, its value has increased greatly. Microsoft, as well as some other companies in the US, are operating through this currency. Many companies, websites are trading through it. On the basis of demand and supply, its value fluctuates. Its overall dealings are like a bet market. Just as the value of a company's stock increases or decreases for a variety of reasons, its value is much higher.
This bitcoin is now divided into smaller sections because the value of bitcoine is high.
1 BTC = 1 Bitcoin.
0.01 BTC = 1 cBTC = 1 cent bitcoin.
0.01 BTC = 1 mBTC = 1 mile bitcoin.
0.000 001 BTC BTC = 1 μBTC = 1 micro bitoine.
0.000 000 01 BTC = 1 Satoshi (named after him)
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