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In this article we share with you important information about Bitcoin and cryptocurrency. Cryptocurrency is a revolution of our time that has revolutionized financial institutions around the world and it is a revolution that has created the most billionaires in the history of mankind. All the revolutions that have occurred in human history till date, whether you see the computer revolution or the industrial revolution, but all these revolutions together have not had as much impact on the financial condition of man as the cryptocurrency revolution has.In this article, we will provide you with such information regarding cryptocurrency that you will also be forced to think about it once. Since cryptocurrency is a currency, i.e. money, we will take a simple example so that the difference between normal currency and cryptocurrency can be clear.

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For example, you go to a shop and you write 5000 on a piece of paper and ask the shopkeeper to give me such and such a thing. Can't because it's just a normal paper with 5000 written on it. In return, if you give the shopkeeper a 5000 thousand note issued by the State Bank of Pakistan, he will without hesitation provide you with all the items you may have asked for. It also shows that the money can be real or fake and whatever country you go to, you will only receive currency issued by the Central Bank of KK and not any given by you. Also a piece of paper etc. In Pakistan, whatever amount is written on the paper with the guarantee of the State Bank, the value of the note becomes the same.Now we will tell you another aspect of money which is part of the same example. If you give gold or give gold to the same shopkeeper and ask him to give me such and such, he will surely give you what you asked for. As you read above for currency notes you need a central bank guarantee only then it will be useful but on the other hand you can see that for gold item you need some kind of guarantee. do not have. You go to any country in the world and you give them gold there and if you want to buy something from them, they will sell it to you without asking any questions.

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Cryptocurrency is also an example of gold and we can call it digital gold. If you have a digital currency or cryptocurrency, you don't need any collateral, you can buy and sell it anywhere in any country. The main reason for this is that cryptocurrency is a computer software program that resides in your computer and you can easily do any transaction online with it.

• The main concern of all our economists in the 1990s was how we could make international transactions between countries faster and safer. Looking at such a situation, at the beginning of the 21st century, an unknown person named Sushi Nagamoto, or call him a group of people, presented a philosophy. According to his philosophy, he gave an example of gold in which we have Even if there is no need for central bank guarantee, then any such economic system or currency should be introduced.

• According to this system, the concept of real money should be eliminated and a digital system should be presented in which there is only buying and selling between the buyer and the trader, so there is no need for any third party guarantee.This concept and revolution of Sushi Nagamoto was going to be brought about in the beginning, there was criticism on it that unless this currency has any guarantee from the central bank, what will be its status? Because in the case of currency, the guarantee given by any central body also shows whether the money is real or counterfeit and its value also becomes clear.

• But if you ask anyone in Pakistan about crypto currency, hardly anyone knows about it, while it has created an economic revolution in the world, the reason is that crypto currency is a form of Bitcoin. The value of the coin is above forty thousand dollars which is about six million rupees of Pakistan. While cryptocurrency has revolutionized the world, it is banned in Pakistan.