Saturday, April 6, 2019

What is a Bitcoin ???

What is a Bitcoin

Bitcoin is the sign currency traded through the Open Source Cryptographic Protocol. There are no financial institutions, regulatory bodies, or fixed houses for Bitcoin transactions. In 2008, Satoshi Naakamoto introduced this coin. Bitcoin transactions are either peer-to-peer or customer-to-customer's or mobile phones. All Bitcoin processes are completed online through an open source software or through a web site.
Bitcoin is a trading currency through Open Source Cryptographic Protocol. It can not be seen or touched, it is made online, and used to be online.
In 2008, Satoshi Nakamoto introduced this currency system.
Let's come to the idea of ​​some units related to Bitcoin-

          1 MBTC = 1000000 BTC 
       1 uBTC = 0.00000 BTC
    1 mBTC = 0.001 BTC
                 1 satoshi = 0.00000001 BTC
Bitcoin is worth about $ 285.75 Usd

At present, the price of 1 bitcoin is around 285.75 dollars, about 3 months ago was $ 475.35 dollars Like most of the stock market, the price goes up, which many people have seen through the update daily.

Utility of BitCoins:

1. Bit coins are a lot of new ideas. It is also a type of penny, paypal, money bookers, bit coins trading system or gateway. In many countries of the world, many sites have been added bit system of bit coins as

gateway payment process.

2. Bit coins system has gained popularity in Europe, Amyrica developed countries soon. There may not be too much time, where the whole country will start the bit-quote system. Recently, many people earn bits of coins in Bangladesh.
3. Through this, payments, bills, salary and bonus can be given anywhere. Moreover
Bitcoin can transpose on mobile, bank account or other master card.
4. You can sell it to any other stock market or bit coins market.

BitCoin Account:

You need to create a bitcane address first. This address is usually 34 characters. That's why this is so secure. It is basically called Bit Coin Gateway Payment Process. That means that if you do not earn bits of coins from any site, then all bit coins will be added to the income here. Afterwards, you can easily draw from here.

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