Bitcoin
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Bitcoin (BTC) is a decentralized digital currency. This is the first decentralized digital currency, which means that it is not operated by any central bank. It has been developed by an engineer named Satoshi Nagamoto. This is the pseudonym of Satoshi.
There are more than 10 million dwellers worldwide. Bitcoin is a virtual currency, virtual means that it does not have any physical form like other currency ,such as rupee, dollar, etc. it is a digital currency. It's a currency that you can neither see nor touch. It is only an electronic store. If anyone has a bitcoin, then he can buy goods like a common currency.
Bitcoin is currently becoming popular in the world. It was invented by an engineer Satoshi Nakamoto in 2008 and it was released in 2009 as an open source software. At present, people are doing business by purchasing bitcoin at lower prices and selling at higher prices.
There is a transaction fee of about two to three percent for paying by common debit / credit card, but nothing happens in bitcoin. There is no extra charge in this transaction, due to this it is also becoming popular. Apart from this, it is safe and fast that people are encouraged to accept bitcoin. Like any other credit card, it does not have any credit limit nor there is a problem of carrying cash. Without the disclosure of the buyer's identity, each transaction of the entire bitcoin network can be done. It is very safe and super fast and it works anywhere in the world and there is no limit to it.
Bitcoin address is used for the transaction of bitcoin. Anyone can make their fertilizer in blockchain and transact the bitcoin through it. The smallest number of bitcoin is called satoshi. There are 10 million satoshi in a bitcoin. That is 0.00000001 BTC is called a Satoshi.
Bitcoin mining
Bitukine mining is a process in which transaction transaction is processed using computing power, the network is kept secure, network is also synchronized, it is like a bit computer center, but it is a D centralized system So that the Minorous Controls located around the world are minerus bows which act as mining i.e. Itcoin create alone can not control a human mining | The success of bitcoin bitcoine mining is achieved in the process of processing the transaction, it is bitcoin. Bitcoin Minoras is an especial hardware for mining or a powerful computer that requires faster processing. Also, bitcoin mining software is required. Minoras can get transaction fees if they are conjugating the transaction. These transaction fees are bitcoin Is to be confirmed as a new transaction in order to confirm the block Must include not is a mathematical system that is very difficult of which is to solve it, which would have to be proof to have seconds to millions of calculations to confirm will confirm the transaction thereafter. As the Minoras joins this network, they will be more difficult to find the empty blocks for mining.
The mining work is done by people who have special calculating computers and the proper ability to calculate, if not, the minerus will only spend electricity and waste its time.
The main objective of mining of bitocaine is to secure the bitokine node and keep the network away from tampering. It has now become a much more valuable currency than all the physical currency.
Bittoine address is used for the transaction of bitcoin.
Blockchain
Blockcon technology is a technique in which money is transferred directly between the buyer's vendor, no intermediary in this transaction is required. At present, the transfer of money between the two people happens only through the third party. This is the third party, such as banks, PayPal, money transfers etc. and we have to pay service charges for these transactions, while the third party requirement in blockchain Does not happen. Transactions made in blockchan technology take very little time. Apart from this blockchain is completely safe.
The technology, which was launched by BitQVine Technology in 2008-09, is very complex. It is considered difficult to hack, and it keeps the details of all the digital transactions ever. To prevent cyber crime and hacking, Block Block technology is known as a foolproof system.
Block Block is a distributed data base, it consistently records many records which are called blocks in which each block is linked to its previous block. This technician has encrypted or secretly stored data on thousands of computers, it is also called public laser. To hack it, all thousands of computers have to be cyberattacked simultaneously, which is impossible, based on the blockline digital currency bitquine. Bitquine currency is a decentralized crypto currency. Which can be used anywhere anytime. It was discovered by Satoshi Nakamoto that this currency is becoming increasingly popular. In 2005, where the cost of a bitquine was 5, the price of a bitquine at today's date is approximately Rs 70000. BitQquine does not own any person, government or company. Because of this there is never any dishonesty on this, there can not be any action on it as it is not in the control of the government and due to its safeguarding it is misusing it in criminals such as drug smuggling. However its use in India is illegal.
Andhra Pradesh is the first state in India to implement hacking and block block technology to promote cyber security. Anyone can create their block chain account at https://blockchain.info/ website.
Bitcoin wallet
The way you use wallets to store your regular money, Bitcoin wallets are used to store bitcoins in the same way. These bitcoins wallets are specially designed programs that store your bitcoins safely.
You can also use these wallets on desktop or smartphone, and if you want, you can securely store it on the web so that you can access it easily from anywhere.
Bitcoin value
The smallest unit of bitcoine is Satoshi and 1 bitcoin = 10,00,00,000 (million) is Satoshi.
As in Indian Currency, there is 1 rupee = 100 paise. By itself, 10 million Satoshi constitute a bitcoine. I mean you can break 1 bitcake to 8 decimals. You can also use 0.0001 bitcoin.
The cost of bitcoin is sometimes less and more. At this time (21/4/2019)
1 bitcoin equals 3,70,358.72 Indian rupee
1 bitcoin equals 5,337.35 United States dollars
Bitcoin use
Use of Bitcoin
1.You can use bitcoin online to make shopping online.
2.You can use bitcoin to send money to anyone in the world or use it to receive
3.You can use bitcoin to make payments
4.You can also use bitcoin to make money
5.You can also buy and sell bitcoin
Buy bitcoin
You have to have a bitcoin wallet to buy or sell bitcoins. Talking about India, there are some companies that have been working to buy bitcoin and buy it. The names of Zebpay and Unocoin are at the top. Both of them have mobile apps that you will find in Google PlayStore. You can create a Bitcoin Wallet by creating an account on either of these two.
Bitcoin note
(Note - This article does not support bitcoin or virtual currency in any way. The only answer to this article is to give information about bitcoin if you are invested in bitcoin by influencing this article or bitcoin, then you are responsible for it yourself is )
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