Bitcoin Cryptocurrency
In digital world of technology form of currency is changing day by day it was started back by exchange of good and now moving to digital form of currency and Bitcoin cryptocurrency is one of them.It is a non centralised digital currency on which no third party control exist.Due to independent nature of currency it's price fluctuate lot.
In this article,we will discuss each individual aspect of Bitcoin. It history and its working mechanism.When bitcoin started and how it started its journey.In current time bitcoin is a legal currency in few of the places and people exchange goods on behalf of Bitcoin.
What is Bitcoin and History
In Ancient time people use to exchange good to fulfill their demand and as time pass away, form of currency change day by day started from copper,silver or gold coin to paper coin then to plastic currency such as credit or debit card and now time is still changing and we have digital currency Bitcoin.
Bitcoin is a digital currency, which was started back in year 2009 by Satoshi Nakamoto. In year 2010 it got first official currency right ,when 10,000 bitcoin were exchanged for a Pizza.
Bitcoin is a digital currency on which no central authority has any control that's what the reason it price fluctuate over the time depend on demand.It may awesome to know that around 1300+ Cryptocurrency currently exist in market and to buy or sell any of that you require mother of all digital currency call Bitcoin.
In this article we will discus all the possible parameter of Bitcoin ,if you like the same then keep sharing and provide your comment.
Bitcoin Generation
Bitcoin generation process is a predefined process, which has fixed amount of bitcoin value generate in each block,now question is what is block?Keep reading article.
Bitcoin is generated in each 10 minute block which has predefined value as currently its generating 25 bitcoin for 10 minute and this will continue for next 4 year and after every 4 year its value per block will get down and new generation would be 12.5 Bitcoin per 10 minute block. Isn't interesting.Let's discuss more
How Bitcoin circulate in market,there are two ways for same.
Mining of Bitcoin
It is the most hardest way to earn Bitcoin, you should have proper setup of computer with very high specification close to super computer and install mining software in it.
While Bitcoin generation process started, then with each bitcoin a mathematical problem will be attached so the computer which solve that problem quickly will get that currency in form of reward.
In this way Bitcoin will be mined and comes to specific user.Big giant of Bitcoin mining are Genesis,Bitclub etc.
Buy Bitcoin
Simple way is to buy bitcoin from Exchange, where multiple user are trading with each other.But as you know bitcoin price is very fluctuating to analyse market and take your buy decision.
Bitcoin Wallet
To hold your money you should have a bank account similarly to hold bitcoin you should have a wallet which could hold your cryptocurrency and there are few examples.
- Exodus
- Zebpay
- Unocoin
Exchange money with Bitcoin
If you are holding an indian currency INR then i would prefer you to go for Zebpay or Unocin these two are india based platform from where you can deposit INR and request to buy bitcoin.
Bitcoin Exchange
If you have bitcoin and willing to do trading then obviously you should have a platform from where you could buy or sell your bitcoin and there are international platform like.
- Bittrex
- CoinExchange
- Cryptopia
- Binnance
Above mentioned are few out of them but you can get more.
Bitcoin Value
Value of Bitcoin is depend on market demand,it may awesome to know that previously in year 1 BTC was equal to 30,000. However, in year 2018 it touch to 16 LAC rupee/BTC and currently hanging around 4-5 LAC per BTC. That's what the reason it call bubble currency.
My Opinion and Summary
Bitcoin Cryptocurrency is future of digital currency ,yes currently is not a legal tender in many country and due to no central control over currency, it is still a big question for future scope.But good thing,it is currently widely used in various part of world. You can opt for it.Take a positive breath and do analysis on price buy some bit of money for future scope.
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Crypto World