What Is Bitcoin?
Bitcoin is a digital cryptocurrency that only exists on the internet. It actually stored on bitcoin wallet and you can transaction it to each other. You can’t touch or see the bitcoin but you can buy or sell by this currency, it’s actually a virtual currency.
Every country has a physical currency and they are totally controlled by the government but the bitcoin is not a physical currency and totally out of control by the government.
In 2009, Satoshi Nakamoto, an unknown person who developed bitcoin, and it is “A Peer-to-Peer Electronic Cash System”.
Bitcoin Price Explain
According to the global CEO of Digital Currency Group, Barry Silbert, the cryptocurrency is the highest risk and highest return investment. This is for those people, they have huge extra money. So, if you have extra, surplus money then you can buy bitcoin.
|Price fluctuation in a day|
How To Get And Use Bitcoin
Anyone can mine bitcoin by running software with powerful computer hardware. So, if you have a powerful computer then you can mine bitcoin.
How to mine bitcoin?
Suppose a person send a bitcoin to another person. To complete the transaction need huge of computer power to solve the billion mathematical problems and here we use DATA MINING.
Data miner is those people who use their computer on peer-to-peer network to complete the transaction. In the blockchain, a huge of the computer is work to solve a transaction. When a computer completes a transaction, get some of bitcoin. In this way, you can mine bitcoin.
Overall, Bitcoin is a virtual cryptocurrency and you can’t use to buy any product in your local area. But on the internet, some of the websites accept bitcoin and slowly it’s using is increased.
So, you have an interest and buy or sell bitcoin than an app is available on play store called Zebpay Bitcoin and Cryptocurrency Exchange.
Conclusion & Honest Opinion About The Bitcoin Cryptocurrency
So, bitcoin investment is for those people who have huge personal disposable income. So, if you have huge disposable income then you can invest in bitcoin.
Here, I discuss and try to cover everything about bitcoin. If you want to know more the go to the website: https://bitcoin.org/en/