Bitcoin :- The curiosity of everyone
Hello , my dear friends welcome all to creativity and info world. Friends in day to day life , we all come in touch with some strange words like cryptocurrency , bitcoin , Blockchain etc , but we are unable to connect it with our day to day life , because this is newly created and invented currency.lets take some basic information about it.
Cryptocurrency is a digital currency . there are many other types of cryptocurrencies are there , but bitcoin is one of them.
As bitcoin is digital currency ,which means it is nothing that you can print, touch, feel or store to save our wallet .bitcoin is virtual. technically bitcoin are bunches of numbers store on a bunch of computers around the world also known as blockchain. blockchain is a technology to create store and manage digital transactions that are public, secure and distributed. bitcoin was created in 2009 by an unknown individual satoshi nakamoto. bitcoin provide a way to pay for transactions without the third party like bank as in Indian currency reserve Bank of India control our transaction, but in bitcoin there is no third party Bank to control the transaction.the transaction occur between two parties without any middleman like reserve Bank of India. in some countries bitcoin is used for online shopping, order service, even to buy a coffee. people buy bitcoin as a investment vehicle too. people believe that in future value of bitcoin will increase as the uses of bitcoin will increases by people and businesses . Since last 12months value of bitcoin increases from $500 to $16000 . bitcoin are store in your online account called digital wallet.it is used to buy or sell bitcoin , transfer bitcoin from one account to another account as a form of payment or transaction. let's say you want to buy a sofa from overostock of price $16,00 and current value of bitcoin is $16,000 then you will send 0.10 bitcoin to overstock for the itom. there is no bank or credit card involve in the transaction. But there is a risk of hacker to hack your digital wallet as the prices of bitcoin in increasing day by day .as bitcoin is virtual currency and has no tangible value that you can hide under a bed and use in difficult situation as they are not accept anywhere. but by observing the increasing prices of bitcoin day by day there is hope that bitcoin has a bright future in coming days. In the this way , dear friends we get the basic information about bitcoin. If you want more about this , please comment and email us at
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