You might have heard a lot in recent times about "Bitcoin" as I did, so I thought of throwing some light on What is Bitcoin (which is a first cryptocurrency), how Bitcoin works, Bitcoin Mining, how to buy & sell Bitcoin in Exchanges, how to earn free bitcoins (Bitcoin Faucets) and much more about everything you need to know about Bitcoins in the coming blog posts.
Bitcoin is an Open Source Peer-to-Peer Currency which uses peer-to-peer technology features that operates with no control of any Government or Central Banks or Central Authority, Issuing new currencies or tracking transactions.
Bitcoins are the first decentralized digital currency in action that are not bound to artificial inflation or deflation in their value.
Mr. Satoshi Nakamoto was believed to be the inventor and founder of this first decentralized crytocurrency "Bitcoin" who showed his Protocol of Peer to Peer Transaction to the world first through his whitepaper released in "The Crytography Mailing List" on Oct 2008 which paved ways to growth of Bitcoin which described how crytocurrencies would operate in future.
Further to it, Mr. Satoshi Nakamoto released the first version of open source bitcoin software code on January 2009. He has conferred Bitcoin as " A Peer-to-Peer Electronic Cash System" which is true to be named appropriately.
Though some are using Thai Baht symbol ฿ as Bitcoin Symbol, but the generally accepted Bitcoin symbol is
and Bitcoin is listed as "XBT" in the ISO 4217 currency code. The unit name "BTC" is commonly used to represent one Bitcoin in Exchange Listings.
Bitcoin is used now as new medium of Exchange as Electronic Money between two parties to undertake trade or business between them and acting as storage value.
Please note that Bitcoin Market Capitalization as of 19th Sep 2017 reaches $63,981,408,134 and also currently circulated supply of 16,576,525 BTC reaches 78.94% out of maximum supply of 21,000,000 BTC (Source: https://coinmarketcap.com/currencies/bitcoin/)
Let us discuss features of Bitcoin in the coming blog post. Stay Tuned to gain more knowledge on Bitcoin……and subscribe to get the updates
Bitcoin is an Open Source Peer-to-Peer Currency which uses peer-to-peer technology features that operates with no control of any Government or Central Banks or Central Authority, Issuing new currencies or tracking transactions.
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| What is Bitcoin? | Explain about Bitcoin |
Bitcoins are the first decentralized digital currency in action that are not bound to artificial inflation or deflation in their value.
Mr. Satoshi Nakamoto was believed to be the inventor and founder of this first decentralized crytocurrency "Bitcoin" who showed his Protocol of Peer to Peer Transaction to the world first through his whitepaper released in "The Crytography Mailing List" on Oct 2008 which paved ways to growth of Bitcoin which described how crytocurrencies would operate in future.
Further to it, Mr. Satoshi Nakamoto released the first version of open source bitcoin software code on January 2009. He has conferred Bitcoin as " A Peer-to-Peer Electronic Cash System" which is true to be named appropriately.
Though some are using Thai Baht symbol ฿ as Bitcoin Symbol, but the generally accepted Bitcoin symbol is
and Bitcoin is listed as "XBT" in the ISO 4217 currency code. The unit name "BTC" is commonly used to represent one Bitcoin in Exchange Listings.Bitcoin is used now as new medium of Exchange as Electronic Money between two parties to undertake trade or business between them and acting as storage value.
Please note that Bitcoin Market Capitalization as of 19th Sep 2017 reaches $63,981,408,134 and also currently circulated supply of 16,576,525 BTC reaches 78.94% out of maximum supply of 21,000,000 BTC (Source: https://coinmarketcap.com/currencies/bitcoin/)
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| Bitcoin Market Capitalization 19th Sep 2017 |
Let us discuss features of Bitcoin in the coming blog post. Stay Tuned to gain more knowledge on Bitcoin……and subscribe to get the updates
features of Bitcoin in the coming blog post we are still waiting
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