Hello Friends, If Bitcoin is called the world’s most precious currency, it probably will not wrong. What is this Bitcoin, which everybody wants to buy and Earn Bitcoin. Today it has become a global currency. Bitcoin works independently. It does not work under any company or any government and no one owns it. When Bitcoin came into existence, the value of Bitcoin 5000 was close to around $ 27. But today the value of 1 Bitcoin is around 75,605 rupees and its value is increasing steadily. Bitcoin can use up to 0.00000001 decimal. 0.00000001 part of Bitcoin is spoken in 1 Satoshi. So let’s try to know more about what is Bitcoin.
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What is Bitcoin ?
Bitcoin is a type of digital currency. You can trade online through electronic means. This is a currency that is not safe in your account as a type of program, not in the form of coins or notes. Bitcoin was created by a programmer named Satoshi Nakamoto in 2009, but who is Satoshi Nakamoto, it is not known till date, and from time to time many people call themselves Satoshi Nakamoto.
Bitcoin is transferred from one account to another account for the fastest and very nominal fee in the world, so it is getting popular very fast. Now people are investing in Bitcoin instead of investing money in the stock market as it is likely to get a very good return from here.
How to Bitcoin Work ?
Now understand in a little detail. Suppose you have a normal bank account and you have money in your account. Now you need to transfer money online by internet banking to your account, make online shopping, bill payment etc., so now your money goes through different channels to the recipient or merchant. Look at these infographics for example
Normal Bank Transaction
Friends In Bitcoin’s case, instead of the account, there is a Bitcoin address that is 24 to 27 characters. Just you can not use this Bitcoin as a hard cash because it’s completely digital and virtual currency. Bitcoin can also transfer to your bank account. If Bitcoin sends someone else to you, then it gets credited in the account of a third party directly without the address you want to send.
Bitcoin Exchange Transaction
Why is Bitcoin’s value Increasing ? Bitcoin Stock
Friends, when any of the goods are produced in a limited quantity, its production will stop at a fixed limit and if the demand for that product is very high in the market, then it is normal that the value of the product will increase. This condition is also with Bitcoin. Bitcoin has programmed that after 21 million Bitcoin is generated, Bitcoin will stop becoming. And those who are already in prevalence will left in the same Bitcoin circulation.
Now if you are thinking that Bitcoin is yourself or it is just a program then it can hacked anytime? No, you are thinking wrong. If you have Bitcoin then you can spend it, you can not make it. These are just generating by mining and they are also quite small amounts like 0.00001 bitcoin and then these small – satoshi together become a bitcoin.
How To Earn Bitcoin ?
- To Earn Bitcoin, Open and Register This Link (CLICK HERE)
- After registering, there is a choice to roll the number, this option shows every hour,
- As soon as the number rolls you will get some bitcoins.
- By rolling every hour, you can earn a half-bitcoin i.e. 37000 rupees a day.