Bitcoin

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Avatar for Khan94.
4 years ago

What is bitcoin

It is a crypto currency or online currency. U cannot touch it like dollar,taka,rupi etc etc cs it only runs in online.It is not centralized money,government or bank are not have control on it.All the country in the world not make this currency legal.Bitcoin 1st established in 2008 by a japanese man but it is not sure that he is the main guy behind it.If you have one bitcoin easily you can become a reach guy because 1 bitcoin is approximately 11 thousand 355 dollar and u cannot imagine if it converted in taka it will be 9 crores in bdt a huge amount of money.But the bitcoin cash always ups and down in number.

What is bitcoin wallet and how can u get bitcoin.

Like our Moneybag or money wallet it is also a wallet for saving bitcoin cash.

One can get bitcoin by-

1.Local currency

2.ANV service

3.Website or application

4.the most important by mining.

What is mining???

One can send bitcoin cash to another one by computer. Middle process man by solving mathmetical terms through computer can mine a very small amount of bitcoin number or he can earn some money like 7-8 dollars daily.For mining bitcoin u have to have too much powerful pc that can solve toughest mathmetical problems that helps to mine bitcoin number..if you can run at least 50 best powerful computer at a time than u can mine a good amount of bitcoin number but like our poor country Bangladesh it is impossible to buy that numbers of powerfull pc.U know the interesting fact bilcoin number is always limited.If you start mining ur pc can solve that amount of mathmetical problems which can produce limited bitcoins which is the constant number of bitcoins.

Advantage of bitcoins

1.Transection fee is less

2.Account cannot be freezed

3.You can send it all over the world.

Disadvantage of bitcoins

Government and banks have no authority over it.

Lastly it is the creation of latest technology some becomes too much rich by mining it and it can helps you too give huge cash through pc by small number of bitcoins.

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