KNOW ABOUT BITCOIN Hey guys, today I will be sharing some information about BITCOINS. Here I will tell you what bitcoin is, how it was invented, how it works and what is the value of one bitcoin according to Indian rupees. So to start with, let me tell what basically a bitcoin is. Bitcoin is a digital currency or you can say it is a form of cryptocurrency. Bitcoin is an innovative payment network and a new kind of money. Bitcoins use peer-to-peer technology to operate with no central authority or banks. Bitcoins are operated by a decentralized authority. It has no central power. It promises lower transaction fees than the traditional online payment mechanism. HISTORY OF BITCOINS The domain name” Bitcoin.org” was registered on 18 th August 2008. It follows the ideas set out in a whitepaper by a mysterious person named SATOSHI NAKAMOTO. The person or group of persons who created this technology is still mysterious. Bitcoin is a digital asset designed to work in peer to...
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