Bitcoin is the digital currency introduced back in 2009 by an unknown person name ‘Satoshi Nakamoto’. Since then Bitcoin market value increasing continuously. Bitcoin is a p2p means peer-to-peer money transfer solution which requires no middleman, bank, government. The transaction is fully encrypted and cannot be tracked, making Bitcoin an anonymous coin.
Bitcoins can be used to send money anonymously and more privately and securely. In addition, bitcoin is not owned by anyone: no government, the agency has the control over the bitcoin making it equal for all those who holding it. Fast money transaction solution with blockchain technology gives rise to the digital asset with is portable and easy to use.
Buy and Sell Bitcoin is supper easy and now available in almost most of the country, there are country though who mada ban on this, thinking transaction in bitcoin is illegal.
You can easily and securely send bitcoin from one wallet to another, also mean from one person to another anywhere in the world anytime intantly
Currency like Bitcoin could be minable, means there are hardware machine who completes these anonumous transaction by solving mathatical problem, the winner is rewarded with 25 bitcoins roughly every 10 minutes.
Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money. Unlike bank accounts.
Though each bitcoin transaction is recorded in a public log, names of buyers and sellers are never revealed – only their wallet IDs. While that keeps bitcoin users’ transactions private, it also lets them buy or sell anything without easily tracing it back to them. That’s why it has become the currency of choice for people online buying drugs or other illicit activities.
Bitcoin Explanation In Hindi