What is bitcoins?

What are bitcoins? The Bitcoin issue comes to our attention when thousands of computers were hacked in late 2016 and early 2016, decrypted and locked the data on the hard drive and said that it would take bitcoins to unlock the computer! So I don't know today! What a bitcoin! Bitcoin is a cryptocurrency traded through open source cryptographic protocols. Such as currency for our country, dollars for USA! However, it has no physical properties! That means it can't be touched or touched! It can only be used through the internet The most interesting thing is that bitcoin transactions do not require any kind of financial institution, regulatory body or clearing house. In a word, the central bank is not needed! Satoshi Nakamoto introduced the currency in 2006. Bitcoin transactions are done either peer to peer or from customer to customer's computer or mobile. All Bitcoin processing is done online through an open source software or through a website. The value of 1 bitcoin is approximately 857,712.54 Bangladeshi rupees or 10,165 US dollars at present.

Much like the stock market, its price fluctuates. Usefulness of Bitcoin: 1. Bitcoin system is a new thing. It is also a kind of bitcoin transaction method or gateway like Payza, PayPal, Money Bookers. However, it is seen in a different way because of the difference between its name and its authorization! 2. Another advantage is its security. To use bitcoins, a bitcoin address needs to be created. This address is usually 34 characters. This is why it is so secure. 3. You do not have to give your account to your government or anyone else for bitcoin Do not show the source of income! That's why black hat hackers take bitcoins for the price of something! 4. If a user does not give the account of the transaction or transaction of bitcoin to anyone, then no one will know. 5. Another thing is that no one will ever be able to freeze or confiscate your Bitcoin account. Not the government of any country. 6. In order to use the bank, we have to pay a fee to the bank for the bank account, whether I transact or not! In the case of bitcoins, you do not have to pay this money. It only takes a small fee to withdraw money. " 6. Another one of the most useful is its liquidity online or on the Internet, very easy to use on the Internet net! Now let's come to the difficulties of bitcoin 1. Since it is also an online currency, it can be a bit of a hassle when you try to use it, as very few merchants can convert it into money, so it is not widely used yet, although in developed countries it is normal, like PayPal. Recognized! 2. Since online currency crashes a hard drive or corrupts the data of the virus, you will lose your account and money for life! Which will never be possible to recover! 3. The price of bitcoin has fluctuated abnormally from time to time, such as in June 2011 the price of bitcoin was ৯ 9.9 or যার 10 which dropped below ১ 1 in just one month, although this is all in the history of bitcoin. Bigger fruit than down. 4. As of May 2019, a Taiwan-based currency exchange company claims that hackers hacked about 7,000 bitcoins in a single transaction, when 1 bitcoin cost about 7,000 USD. The hackers did not hack the bitcoin system, but the exchange company's server. Bonus point: Many of us hear the name Switch Bank, where many big people have billions upon billions of dollars in deposits! However, the funny thing is that Switch Bank is not a special bank! This means that the banks of the whole of Switzerland are called switch banks. For example, the banks of our country are Bangladeshi banks!