What is Bitcoin? And how does Bitaken work.Find out.

What is Bitcoin?

Bitcoin is a type of currency or virtual currency Which is traded through cryptographic protocols. This is a complete open source project. Because there is no organization for the transaction control. In 2008, a person named Satoshi Naakamoto introduced this coin. He called this currency as peer-to-peer transaction. Moreover, the small version of Bitcoin is called Satosi. We like 100 paisa = 1 rupee. In the case of Bitcoin, 100,000,000 satosi = 1 bitkayen.

These bitscakes are protected by a server called 'Bitakayen Miner'. It also supports payment systems like PayPal, Paisa, Perfectmani. The use of Bitcoin around the world has increased in an impossible way. Many important websites, even many international organizations, are now transmitting payment through Bitcoin.

How does Bitcoin work?

Bitcoin is traded in peer-to-peer or customer-to-customer mode. Bitcoin can be produced through bitkayen miner. Anyone can produce Bitcoin through the necessary hardware and software. Generated Bitcoins are stored in the customer's digital e-Wallet account. There is a special Bitcoin address or e-wallet for everyone. In Bangladesh, coinbase is more common and reliable.