CRYPTOCURRENCY, BITCOIN AND BITCONNECTsteemCreated with Sketch.

in sammybitcoin •  7 years ago 

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What is BITCONNECT?

It is a self regulated Financial System.An open source all-in-one bitcoin and crypto community platform designed to provide multiple investment opportunities with CRYPTOCURRENCY education where it is all possible to find the independence we all desire,in a community of like-minded,freedom loving individuals who,like you, are seeking the possibility of income stability in a very unstable world

Many people are still very much ignorant of what cryptocurrency is all about.That's why I need to take a little time to explain it.

Cryptocurrencies generally are digital coins built around programming codes and recognized as money because people generally believe them to be so.This is the same way fiat money is.

Money is anything that is generally accepted as a medium of exchange and means of making payments for goods and services.it's a legal tender because governments of the world put a legal backing on it.

So anything that could serve as money MUST go through the same process of General acknowledgment and acceptance by the commonest of people globally.

CRYPTOCURRENCY began its journey into the fibre of our lives about 9 years ago when a group of computer programmers called satochi nakamoto invented the first digital codes referred to as BITCOIN.it was meant to be for simple online exchanges and probably international remittance. It was meant to be internet money u can use to purchase anything in any part of the world

Today, cryptocurrency has woven itself into the fibre of our everyday lives and its fame and acceptance globally lends credence to the fact that it the money of 21st century and the gateway to sure wealth for the common man in the remotest recesses of the world

Bitconnect like all other cryptocurrencies is mined

The mined coins are traded to generate further profits

Digital currencies are mined and another question arises:

So what is MINING, you may ask?

That will be my next discussion, stay tune and follow up.

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