Bitcoin earning benefits.

Bitcoin can be shaved and spent in a number of ways. The easiest way to earn it is to buy some bitcoin directly. Now suppose 1 bitcoin costs ৭ 579, you can buy this coin directly for ৭ 579 and it will be credited electronically to your account online. Again you can sell any service or thing to earn this currency.

Now suppose I have a phone that costs ৭ 589. So I can sell this phone online for 1 bitcoin, it will bring me this coin.

You can also mine Bitcoin if you want, and this is the medium by which new Bitcoins come to the market.

Friends see which notes in general are regulated by the government or authority.

They control its value and all kinds of exchanges.

If ever there is a need for a note, they can print the note as they wish and thus new notes come into the market.

But Bitcoin is not printed, and there is no one to control it, but it has a value that allows only a certain number (21 million) of Bitcoins to be on the market.

Because the value of this currency will decrease if it increases too much, so this system has been created to control it. B

ut there will come a time when no new bitcoin will come on the market.

Bitcoin exchange

Now the question is how can this currency be exchanged? See the biggest problem but here it happens.

And this is a little difficult to explain. Let's try to understand the matter easily.

Suppose you went to a park for a morning walk.

So go there and see an apple with an apple for sale and you want to buy an apple. Now you paid him and bought an apple in return.

Now you don't have to worry about whether you got the Apple in your hand. Because you can see the apple physically and touch it with your hands.

So you don't need anyone else to check it out. This app will be completely yours and you can give it to anyone you want. You can give this apple to your friend, your friend can give it to someone else and that is how this order can be maintained.

But friends, now think of a digital Apple — not in your pocket, but in your computer or any computing device. How do you know that this apple is yours? How do you make sure you don't send it to your friend?

Hasn't the fun started? Since it is in digital format, it is possible to make thousands of copies.

It is possible to send it to someone by mail. It is also possible to download it millions of times if left on the internet.

Then you understand, exchanging physical apples and digital apples is not the same thing.

Computer scientists have the same problem when exchanging bitcoins, and the problem is called "double-spending problem".

Now if you want to send a note or some money to someone, that note is a physical coin, which once given to someone will no longer be with you. Or if you want to send money to someone through a bank, you have to pay a fee and sign some paperwork.

This will deduct money from your account and add money to another person's account and that money will then be physically delivered to that person through a proper channel.

Here you must verify that you have money in your account and that you can pay a single note only once or pay someone.

But when it comes to sending bitcoin, things are a little different. If I want to send you some coins, I may send them from my device to your account.

But who will verify this transaction? I mean, I sent you some coins, but what guarantee is there that I don't have them yet?

To fix all these glitches, mathematical problems are added to each bitcoin part and a mathematical number is attached to each coin to track it.

In this way it is understood when the coin of any number went from where to where. Now that countless coins are exchanged every day all over the world, who makes these transactions successful?

Those who solve these huge mathematical problems of Bitcoin and make these transactions successful are called Bitcoin Miners.

They have a lot of powerful computers. These computers have a lot of powerful GPUs, and if they solve the math problem and get the transaction done first, then you and I will have the transaction and Minors Rao will be able to get some bitcoin rewards for doing this.