Tuesday 3 October 2017

What is Bitcoin ?? | Bitcoin in India | The virtual wallet Bitcoin

Bitcoin is a digital asset and a payment system. It is commonly called a decentralized digital currency .It was invented by an unknown programmer, under the name Satoshi Nakamoto in 2009. It is an open source software. This means, that no person, company or country owns this network just like no one owns the Internet.The system is peer-to-peer, that is, users can transact directly without an intermediary like a bank, a credit card company or a clearing house. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain.

Nowdays Bicoins are accepted by merchants and vendors as payment. You can pay using Bitcoin at online or store. Bitcoin is widely used currency to buy and sell at DARK WEB. Every transaction is done using Bitcoins at Darkweb using safe PGP key.



Symbols used to represent bitcoin is BTC. A satoshi is the smallest amount within bitcoin representing 0.00000001 bitcoin, one hundred millionth of a bitcoin.

Bitcoin are also becoming very popular in term of investments as "Virtual currency is more safe and easy to handle". Virtual money introduce the concept of digital money and no need to carry and hard-cash it always easy to do any transaction without involving any bank in between as its peer-to-peer payment network.


1 comment:

  1. You probably saw how Bitcoin increased over 900% over the course of last year.

    It was wild but not totally unprecedented if you’d been watching cryptocurrency over the last several years.

    And here’s the crazy thing:

    There are many other coins that still have tons of room to grow.

    You may have heard of Ethereum, Litecoin, Ripple, and others but there are more coins and many more opportunities -

    Follow the link below to get the full story.

    ==> https://cryptocrusher.net?46df4gsd4f

    ReplyDelete