Years ago the internet was very slow and it took a long time to download long files like movies, dramas and songs which kept the server busy all the time. In 2001, Bram Cohen came up with the idea that if several pieces of a long file were split and all the computers were directly connected to each other, then every computer that once downloaded a single piece of file from the server would now It will be able to upload to others and the load on the server will be greatly reduced while the users' computers will get different pieces of file from each other and combine it. Bram Cohen launched BitTorrent, a program based on distributed hash table (DHT) in July 2001, the beginning of peer-to-peer networking that could connect all computers.

Intro to Bitcoin...

Bitcoin is a digital currency and peer-to-peer payment network based on an open source constitution and uses publicly traded transactions. No person or bank has any authority to earn or acquire bitcoin. It's completely free, which we can make ourselves with the help of our computer.

The bitcoin currency can be compared to other current currencies such as the dollar and the euro, but there is a difference between the current currencies and the bitcoin.

The most important difference is that bitcoin is a completely digital currency that exists only on the Internet, externally it has no physical existence. Similarly, there is no powerful central institution behind the bitcoin currency, such as the central bank, and no government has so far declared it a legitimate currency, which is why the United States Department of the Treasury has declared it a decentralised currency. Granted, because this currency can be transferred directly from one person to another, it does not require a bank or government agency. However, Bitcoin can be used through the Internet just like any other currency.

Bitcoin was started in 2009 by a man named Satoshi Nakamoto. It is called cryptocurrency because it is based on the principles of public cryptography.

This currency calculation process is based on logarithms, for which the computer is connected to the Internet, using a computer processor. The more powerful a computer's processor, the sooner it can create a bitcoin by solving a logarithmic problem.

Bitcoin has also been the subject of much research and curiosity, as cryptocurrency is a currency that makes it very difficult to identify its owners and users, so it can be used illegally. In 2013, the FBI shut down Silk Road, a website involved in illegal activities, and froze 144,000 bitcoins, valued at اس 28.5 million at the time. I work more generously than other governments. The sale of bitcoins with the yuan is banned in China, and bank accounts are not allowed for bitcoin exchanges.

Total number of bitcoins...

According to Bitcoin inventor Satoshi Nakamoto, a total of 21 million bitcoins will be created, of which 17 million bitcoins have been 'mined'. Thus mining is gradually becoming more and more difficult as the number of capable mine bitcoins is dwindling.

Almost every four years (eg, 210,000 blocks), half the bitcoins will be issued as compared to the previous one. It is estimated that no bitcoin will be issued after 2140 as the last limit of 21 million bitcoins has been reached.

Bitcoin A.T.M...

The world's first ATM was used in 1969 to make cash payments by machine. In 2013, Bitcoin's first ATM came to light. By July 2019, 5,000 such machines had been installed worldwide. Such machines are called 'BTM'. In the United States alone, the number of these machines has exceeded two thousand. [34] Bitcoins can be purchased from most machines but cannot be redeemed, ie bitcoins can be obtained for cash but a lot of cash for bitcoins. Available on low BTM. Remember that about a hundred years ago it was very easy to get paper money from banks for gold whereas it was very difficult to get gold coins in exchange for paper currency.

Thoughts About Readcash...

As when i decided to write articles in readcash there are many thoughts in my life regarding any fraud or something other like that . Therefore i started to research about readcash. I just googled about readcash and i am very glad to say that i found it a legal and a very high paying platform for the beginners . It is also a great opportunity for the young one's . When i started researching about readcash i found all of these persons whom are working hard. So i just wanna appreciate all of them. This is my first article . I wish it will be informative for others .

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