What is BitCoin?

Chances are you have already heard about Bitcoin. Its the world first decentralized digital currency. Bitcoin price sky-rocketed in 2017 and made a lot of early investors a Millionaire.

So if you haven’t explore Bitcoin earlier you have already missed the boat and this is the last ferry that can take you there before its too late..

Who Created Bitcoin?

So Bitcoin is the decentralized digital crypto currency. It was created by Satoshi Nakamoto on 9 January 2009. No one know who Satoshi Nakamoto is but the scientist claim that he is from Japan. 

Satoshi has 1 Million Bitcoins which made his net worth over $ 7 Billion based on current price.

How Bitcoin Works?

Up till now every payment system we know of was centralized be it gold or paper currency..Someone was regulating it. In a modern world it was regulated by government and central banks. The government make sure everyone has their own money and they can regulate it as and when they require…

Well Bitcoin is changing that..Bitcoin is decentralized that means no one is regulating it. The transaction in Bitcoin is verified by one another instead of a central bank. This makes Bitcoin totally unregulated and a pure P2P system.

How Bitcoin are Created?

Bitcoins are created through “digital mining”. Don’t get too confused. The code that Bitcoin is based on only allow a limited no of Bitcoins in circulation. The total no Bitcoins that can be mined is 21 million Bitcoins.

To bring those 21 million Bitcoins in circulation we have to digitally mine those Bitcoins. To mine Bitcoins digitally you need to have large computers to do so…

What Bitcoin will change?

Bitcoins are expected to change the way we do business..Starting from P2P transactions to the way money change hands..

As the Bitcoin transaction is not centralized the audit of accounts become easy. The corruption becomes impossible (Bad news for corruption mafia).

Plus Bitcoin payment is purely P2P so it become very easy to transfer funds from 1 person to another.

Then it doesn’t matter where you are? You can use Bitcoins anywhere and you don’t have to incur currency difference when travelling or making international payments.

Then Bitcoins are decentralized it doesn’t go from so many exchanges and P2P transfer usually is pretty cheap.

How many people are using Bitcoin?

As per the Cambridge 2007 study there are 2.9 million to 5.8 million people who owns Bitcoin. That still small part of world population. Its even less then 1% of world population. So Imagine if 10% of the world start using Bitcoin?

How to Buy Bitcoin?

To Buy Bitcoin you have to open an account with a Bitcoin exchange. Coindesk is the most authentic Bitcoin exchange. Opening an account with Coindesk is free of cost.

You can open an account with Coindesk and start buying Bitcoin here (Bitcoin Account Opening). If you signup using that link both of us will $ 10 of free Bitcoins.




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What is BitCoin?

Chances are you have already heard about Bitcoin. Its the world first decentralized digital currency. Bitcoin price sky-rocketed in 2017 and made a lot of early investors a Millionaire.

So if you haven’t explore Bitcoin earlier you have already missed the boat and this is the last ferry that can take you there before its too late..

Who Created Bitcoin?

So Bitcoin is the decentralized digital crypto currency. It was created by Satoshi Nakamoto on 9 January 2009. No one know who Satoshi Nakamoto is but the scientist claim that he is from Japan. 

Satoshi has 1 Million Bitcoins which made his net worth over $ 7 Billion based on current price.

How Bitcoin Works?

Up till now every payment system we know of was centralized be it gold or paper currency..Someone was regulating it. In a modern world it was regulated by government and central banks. The government make sure everyone has their own money and they can regulate it as and when they require…

Well Bitcoin is changing that..Bitcoin is decentralized that means no one is regulating it. The transaction in Bitcoin is verified by one another instead of a central bank. This makes Bitcoin totally unregulated and a pure P2P system.

How Bitcoin are Created?

Bitcoins are created through “digital mining”. Don’t get too confused. The code that Bitcoin is based on only allow a limited no of Bitcoins in circulation. The total no Bitcoins that can be mined is 21 million Bitcoins.

To bring those 21 million Bitcoins in circulation we have to digitally mine those Bitcoins. To mine Bitcoins digitally you need to have large computers to do so…

What Bitcoin will change?

Bitcoins are expected to change the way we do business..Starting from P2P transactions to the way money change hands..

As the Bitcoin transaction is not centralized the audit of accounts become easy. The corruption becomes impossible (Bad news for corruption mafia).

Plus Bitcoin payment is purely P2P so it become very easy to transfer funds from 1 person to another.

Then it doesn’t matter where you are? You can use Bitcoins anywhere and you don’t have to incur currency difference when travelling or making international payments.

Then Bitcoins are decentralized it doesn’t go from so many exchanges and P2P transfer usually is pretty cheap.

How many people are using Bitcoin?

As per the Cambridge 2007 study there are 2.9 million to 5.8 million people who owns Bitcoin. That still small part of world population. Its even less then 1% of world population. So Imagine if 10% of the world start using Bitcoin?

How to Buy Bitcoin?

To Buy Bitcoin you have to open an account with a Bitcoin exchange. Coindesk is the most authentic Bitcoin exchange. Opening an account with Coindesk is free of cost.

You can open an account with Coindesk and start buying Bitcoin here (Bitcoin Account Opening). If you signup using that link both of us will $ 10 of free Bitcoins.




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