Friends, you already know that every country has a different currency, which is used to buy or sell goods, the currency of every country is different, the currency of every country is named differently and its value is different. Like India’s currency is Rupee, America’s currency is Dollar and UK’s currency is Pound, similarly many countries have different currency.
And because of this their names are different and their value is also different, similarly there is a currency in the internet which is used for online transactions, the name of that currency is Bitcoin, you all know about it because Bitcoin you Know that it has been in discussion for many years, today in this article you will get to read what is Bitcoin, how it is used and why it is used and how much is the value of this currency.
What is Bitcoin?
Bitcoin is a virtual currency, it is also called digital currency because it is used in a digital way. Bitcoin is called virtual currency because it is very different from the rest of the karma We can store bitcoin only in online wallet.
Bitcoin founder name
It was invented by Satoshi Nakamoto in 2008 and released as Global Payments in 2009 and has been increasing in popularity ever since.
Bitcoin is a decentralized currency. This means that no bank, no government has authority to control it, no one owns it, anyone can use bitcoin like everyone uses the internet and no one owns it. In the same way, you can use bitcoin, you can not buy anything with bitcoin, bitcoin can be used only online, apart from online transactions, it can also be converted into other currency.
If you have bitcoin, then you can convert it into your country’s currency and transfer it to a bank account. In today’s generation, bitcoin has become the most expensive currency in the world. Bitcoin is also called cryptocurrency. Bitcoin cannot be controlled by any entity. But a dilemma in bitcoin is that if there is any fraud with you in bitcoin, then you cannot tell anyone about it, yet the big businessmen of the world and many people use this currency.
Why is bitcoin used
Bitcoin is used for general online permits or for any kind of transaction. Bitcoin is based on the p2p network which means that people can easily transact with each other directly without using a bank or credit card. By the way, there is a transaction fee of 2 to 3 percent for paying by credit card.
But nothing like this happens in bitcoin, for this there is no extra fee in these days, because of this it is becoming famous among people, people are liking it, apart from this it is safe and fast, because of this people believe. Getting excited to use Bitcoin
Like online developers, entrepreneurs, non-profit organization etc. And for this reason bitcoin is being used for global payment all over the world, it does not have any limit like other card credit card, there is no problem of carrying cash, it is absolutely safe and fast, can be used anywhere in the whole world. Well, there is no limit to its use.
What is the value of bitcoin?
The value of bitcoin keeps on increasing or decreasing because there is no authority to control it, so its value varies according to its demand. The price of bitcoin varies from country to country because its use in the world market It happens that the price of bitcoin is in every country according to its demand.
How to get bitcoin?
We can get bitcoin in two ways
1. If You Have Money You Can Buy Bitcoin Directly
2. If you cannot buy a whole bitcoin, then you can buy a small unit of satoshi, like there are 100 paise in one rupee, in the same way there are 100 million satoshi in one bitcoin.
Best bitcoin apps in india
There are two very famous bitcoin websites in India from where you can buy and send bitcoins.
You can buy bitcoin from both these websites, to buy bitcoin, you have to create your account on one side of these two websites, after that you will also have to submit some of your documents like aadhar card pan card username email id phone number and Bank account details After creating an account, you can buy and send bitcoins.
Another way to get bitcoin is bitcoin mining, in our language, mining means the extraction of treasure at the time of excavation, such as gold, coal, etc. Because bitcoin does not have any physical form, then it cannot be mined, so here the meaning of mining By creating bitcoin which is possible only on computer
That is, no methods of making bitcoins are called bitcoin mining. Mining Bitcoin – To do this, it requires a high speed processor and computer for mining software. Amit uses them only for making online payments.
And when someone makes a payment, that transaction is verified, those who verify them, we call them miners. Miners have high level computers and they have very good device mining can be done by anyone but for this they should know mathematical calculations very well.
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