Well, before starting an basic guide about bitcoin you should know the some of the basic things, if you haven't studied so follow the step by step guide.
Step: 1 Blockchain Guide
Step:2 Cryptocurrency Guide
Step:3 How does Bitcoin work
Step:4 Altcoin Guide Guide
Step:5 Crypto Wallet Guide
Probably you have heard the bitcoin but you don’t know what exactly bitcoin is? Or it is just digital currency but bitcoin is the first cryptocurrency in the cryptocurrency industry which has gained lot popularity among every individual.
Bitcoin is the virtual currency or digital currency which is used and distributed digitally, bitcoin network uses peer to peer network to process the transactions. Moreover, there is no central and regulatory body in transaction of bitcoins.
Did you know? Bitcoin came into the existence in the year 2009, the first bitcoin transaction is said to be done by satoshi nakamoto ( group of persons or anonymous person).
Today, bitcoin is the superstar of cryptocurrency industry because it is one of the most valued cryptocurrency right now moreover, the price of bitcoin increases day by day.
Other than bitcoin, ripple is most famous cryptocurrency in the cryptocurrency market let’s take a quick look at ripple price prediction by coinpedia as they have predicted perfect.
Currently the price of bitcoin is $5,023.45 with the market cap of $88,619,133,986 at the time of writing.
New bitcoins are created through the decentralized process called mining, miners uses hardware to solve the mathematical algorithms..
There are several uses of using bitcoins
Low transaction fees: Transactions of bitcoins is very low as compared to the other cryptocurrency.
Border less transaction: There is no regulations on transacting the bitcoins it can be transact everywhere around the world.
Decentralized system: Bitcoin uses decentralized system to transact the bitcoins that there is no involvement of any third party or government bodies.
Furthermore, there are several ways you can earn bitcoins so go through the some piece of information.
By viewing ads: There are several websites which allow users to view there sites for that website pays out few bitcoins in return.
Affiliate programming : You can earn bitcoins through the promoting the business products in return business pays out a few bitcoins.
Gambling: You can increase your number of bitcoins at casino through gambling. Moreover, make sure the casinos are fair or not.
Thus, innovation of bitcoin is one of the best revolution to the modern world for the ease of doing payments.
What’s your take on bitcoin?