Bitcoin often called as a virtual currency. This Bitcoin money is completely impartial. This is also called as a cryptocurrency. These Bitcoins introduced by Satoshi Nakamoto. This Bitcoin us a digital currency. These are not yet accepted by all countries. Some countries have banned it altogether.
Benefits of bitcoin
People can send Bitcoins to you, through the Bitcoin wallet, which is digital and you can send Bitcoins to other people. Every Bitcoin is a computer-generated file. These can be stored in digital wallet apps on a smart phone or a computer. Each and every single transaction will be stored and recorded in a public list called block chain.
People build special computers to generate Bitcoins. These Bitcoin generated computers are very powerful, so there will no chance for hacking. This Bitcoin works on new technology called peer-to-peer technology. This Bitcoin are not regulated by any. These Bitcoins can transfer to any place. These Bitcoins breaking barriers of counters and currency. One Bit coin is equal to 10 crores Satoshi. The rate of bitcoin is changing every time. The rate and bitcoin price are depending on its demand. People like this Bitcoin currency, as it is not controlled by government and banks. people can spend their Bitcoins honestly, as all the transactions are stored no one would know your account number unless you told them. In Bitcoin transaction, every transaction is recorded publicly, so it is difficult to copy bitcoins and to make fake ones. Now the Bitcoin is celebrating it’s 10 anniversaries. The use of Bitcoin will go up and downs, because some people don’t think it’s safe. Bitcoins are valuable because you are willing to exchange them with real money and can use for goods and services. You may also lose your Bitcoin wallet in certain situations. If you delete your Bitcoin wallet at once, you will lose them completely forever.