Bitcoin is a virtual currency

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Written by

Sujitdas1

All is well

4 years ago

In community: Share Your Thoughts (SYT)(a50c)

Dear all friend,

Now i am going to share about bitcoin cash.

Bitcoin is a virtual currency, symbolized by BTC, and its smaller units are the Milli Bitcoin and Satoshi. 1 bitcoin is equal to 1000 ml bitcoin and satoshi 1 bitcoin is equal to 1 crore satoshi.

Bitcoin is an online dependent cryptocurrency or digital currency that has no real existence. That is, it cannot be touched like other currencies; It cannot be kept in any bank vault or cash box. There is no controlling country or bank in this currency. The concept of currency is usually introduced for the purpose of decentralization of the monetary systemWhen it comes to transacting goods or services in a currency controlled by the banking system, there is no regulator of that currency as such transactions are regulated by any country, bank or organization. So with this currency all kinds of legal and illegal transactions can be done safely all over the world.

Bitcoin was first invented in 2009. The coin was invented by an individual or group using the name Saitosi Nakamoto, and was launched in the same year by launching a software. Market value of Bitcoin: At first 1309 Bitcoin was equal to 1 dollar, due to the convenience of free and uncontrolled transactions, Bitcoin quickly became accepted all over the world. At present, as of July 25, 2019, 1 bitcoin is worth about, 9,993, which is about 744,348 Bangladeshi rupees.

A person must have an online wallet to keep Bitcoin. Each Bitcoin wallet is given a unique ID or account number. From where you can spend or deposit bitcoin.

Bitcoin Collection or Earnings:

1) You can get bitcoin by buying and selling something like other currencies.

2) Bitcoin is available through any other currency exchange.

3) By working on a web site

4) Since it is a cryptocurrency, bitcoins can be collected through online mining.Mining is an automated algorithm for a user to authorize a Bitcoin transaction in any part of the world.

So i therefore pray & hope that you would be kind enough to like my article.

Thank you

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