What is Bitcoin - What is Bitcoin? - Bitcoin Tips

Friends! If Bitcoin is called the world's most precious currency, it probably will not be wrong. What is this Bitcoin, which everyone wants to buy. Today it has become a global currency. I.e. send Bitcoin to anyone else in the world's account. 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 5000 Bitcoin was close to around $ 27. But today the value of 1 Bitcoin is around Rs. 63,605 and its value is increasingly rising. Bitcoin can use up to 0.00000001 decimal. 0.00000001 part of Bitcoin is spoken in 1 Satoshi. So let's try to know through today's article of www.techuknowledge.blogspots.com that what is Bitcoin.

# What is bitcoin? 

Bitcoin is a type of digital currency. You can trade online through electronic means. It is a currency that is 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 in the world for the fastest and very nominal fee, so it is becoming very popular. 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 when on transfer money online through internet banking from their account online, do shopping, do bill payment, etc., so that your money goes to the recipient or merchant through various channels. 

Friends! Place the account in case of Bitcoin, is a Bitcoin address that is 27 characters from the 24. Just you can not use the Bitcoin as hard cash because it's completely digital and virtual currency. Bitcoin can also transfer to your bank account. If Bitcoin you have to send someone else it will be credited to the account of the direct without any third-party address that you want to send

#Why is Bitcoin's value increasing?

Friends, when any product is produced in a limited quantity, its production stops by going to 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 been programmed that after 21 million Bitcoin is generated, Bitcoin will stop becoming. And those who are already in prevalence will be left alone in Bitcoincirculation.


Now if you are thinking that Bitcoin is yourself or it is just a program then can it be 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 Bitcoin is formed - What is Mining?
Bitcoin is formed by mining and comes in vogue. For the mining of Bitcoin, we need good processor computers. When Bitcoin is transmitted between two people online, there are some mathematical problems to confirm and secure the transaction that must be solvable. Bitcoin generates in some points that are solvable of these probes and come into being.

So friends are so much in today's article. How can you tell us how to think of this article, and how do we comment. Next I will present articles related to Bitcoin and in which I will tell you how to buy Bitcoin online, you can use it. Nowadays there are many frauds in the name of Bitcoin. In the next article I will also tell you about some reliable Bitcoin Mobile App and Bitcoin Websites from which you can buy Bitcoin and earn Bitcoin online.