About Bitcoin – Cryptocurrency

What is Bitcoin? Bitcoin is a digital currency called cryptocurrency. Bitcoin is the currency of cryptocurrency with the highest value. Bitcoin has no physical form like any other currency. Bitcoin can be a currency for online transactions or exchange for USD or other currency. History of bitcoin: Bitcoin appeared in 2009 By a Japanese man … Continue reading “About Bitcoin – Cryptocurrency”

What is Bitcoin? Bitcoin is a digital currency called cryptocurrency. Bitcoin is the currency of cryptocurrency with the highest value. Bitcoin has no physical form like any other currency. Bitcoin can be a currency for online transactions or exchange for USD or other currency.

History of bitcoin:

Bitcoin appeared in 2009 By a Japanese man named Satoshi Nakamoto. According to some sources that the man from Japan has actually been doing research since 2007 but only introduced in 2009.

Bitcoin uses peer to peer technology without central authority. All functions such as bitcoin issuance, transaction processing and verification are carried out collectively by the network, without central supervisors or agencies to oversee operations. Bitcoin can be stored on a personal computer in a wallet file format or stored by a third party wallet provider such as blockchain, coinbase, xapo etc. And apart from that bitcoin can be sent via the internet to anyone who has a bitcoin address.

Bitcoin values and units:

BTC = Bitcoin

mBTC = milli bitcoin

μBTC = micro bitcoin

1 BTC = 100,000,000,000 Satoshi

1 BTC = 1000 mBTC (milli Bitcoin)

1 mBTC = 100,000 Satoshi

1 μBTC = 100 Satoshi

1 mBTC = 0.001 BTC

1 Satoshi = 0.00000001 BTC

How to Transcribe With Bitcoin:

How to transact with bitcoin is very easy, All you need is a wallet. Make your bitcoin wallet in blockchain, coinbase, xapo etc. Bitcoin transfer is similar to the transfer using i-banking. Only in bitcoin has its own address address. Address address is also difficult to be memorized so should be noted only.

How to Find Bitcoin:

There are many ways to get bitcoin by purchasing it, faucet, cloud mining and mining with machine. Explanation of faucet, cloud mining and mining with machine.

Faucet is a site / web that gives bitcoin for free it’s usual just by typing captcha. But the income from the faucet is very little and also tired. Cloud Mining is a solution or way of mining bitcoin by purchasing its usual mining speed in the form of GHS. While Mining with a machine is mined bitcoin with its own ordinary machine bought his machine first and each machine has its own mining speed. If mining with machine we also have to pay for electricity and need internet connection. Now there are also games that pay the player with bitcoin example game android coin flapper.

Conclusion:

Bitcoin is a digital currency that can facilitate you to transact online and also easy to use.

Bitcoin Losses:

Bitcoin prices can fluctuate up or down depending on the market as well as the rupiah to the dollar is changing

Benefits of Bitcoin:

Make it easy to participate online because now there are many e-commerce sites that offer payment through bitcoin.

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