Bitcoin is so important
If somebody mentioned as about bitcoin Samir back then most probably we don't interested in track about bitcoin because back in the years we were like bitcoin has no future but now we have observed that bitcoin is one of the predominant crypto currency even whenever we talk about the crypto currency the one in which comes in our mind is only the bitcoin.
bitcoin?
Bitcoin is just like our other fiat money but it is an electronic currency.
some people kind of bitcoin magneto currency and some people call it a crypto currency so we can say that people use different terminology to define bitcoin some people even say that bitcoin is a virtual currency but all these terms are correct because all these definitions about bitcoin are true in this regard we can say bitcoin is a unique currency. In recent time bitcoin has got much attention of people and everyone is trying to learn about bitcoin.
why it is important ?
The basis of bitcoin is Blockchain
so from the basis we can see that it is entirely decentralised means there is no government there is no central bank there is no central authority who can control or regulate the bitcoin and a peer to peer community comprising networked computers maintain the bitcoin network . Each user is considered a node and has equal rights in the network.
Using Blockchain create an effective digital database as a distributed public Ledger and this ledger runs through cryptography and it records all the transactions of bitcoin bitcoin mining is a process by which miners confirm every transaction manually and this makes bitcoin transactions secure.
Mining process is very important because by this process all the information that enters the bitcoin Blockchain undergoes mathematical checking and after mathematical Checking it is confirmed that bitcoin is a secure. The bitcoin confirms and verifies all the information which is entering into it.
in the Blockchain technology bitcoin was the 1st to enter in the cryptocurrency market its introduction to us was in 2009 and the system for bitcoin is so unique that no hacker can manage the system of bitcoin that's the reason that most of the investor find it a safe cryptocurrency in which they can invest and they can trade that is also one of the reason of bitcoin popularity . People are trading in bitcoin on different trading platforms in these years bitcoin has earned the trust of it's a user and investors are finding it as good and safe please Where they can keep their assets
That is also the reason why people compare gold with bitcoin it is only because now people think that bitcoin is a good cryptocurrency in which you can keep your assets
People always seek opportunities to invest in bitcoin even a large corporations are collaborating with existing crypto Clients . More stores both online and local are gradually accepting bitcoin payments and everybody there are improving things we can see about bitcoin Even if I talk about myself I am also very curious about to learn bitcoin but there is no one who can give me me proper lecture about it so I am learning the skills on YouTube and it is only YouTube which is helping me out during this time I can say that you cannot learn in the bitcoin market in just one night you have to learn each basic thing and you have to understand the terms of it how it trade how it will work and all that will take time. The curiosity about bitcoin trading is found in everyone i think it was covid period which has introduced bitcoin to all of us
Bitcoin is so important for us because people say that it is a digital gold