Bitcoin the future currency
Every country has its own culture, tradition, economy and currency. The currency vary from country to country but something is there known as "Bitcoin " which can be used by anyone at any moment.
If we think that internet is a country ,then it's currency will be Bitcoin. As it is not visible and one type of digital currency or otherwise known as krypton currency. It is one type of important currency which doesn't need any bank or agency for transaction, it can be transferred from one person's Bitcoin wallet to another person's Bitcoin wallet.
Bitcoin was first introduced by a software engineer called satoshi Nakamoto on 3rd of January 2009.It was firstly used for a transaction to purchase pizza. And now a days it has become that popular that any where it can be used without any govt interruption. People like to use it because it is safe and can be transferred with a super fast speed and without any govt regulation. It is an encrypted transaction between two person.
In India Bitcoin is mainly used as remminitence ,which means income that is send to India by those people who are working in abroad. But it has some demerits that anyone can use it for any purpose means any type of illegal purpose. As here no govt or bank regulation is there.
But it can be tracked as all the transaction are recorded in the active network in coded form,and these data cannot be misleaded.
Something that make Bitcoin more special is it's value.A Bitcoin is equivalent to 12477 in Indian currency. It is stated that in future it is going to be lost and it's value may become multiple time greater than it's present value, as the economic principle explain more demand for anything leads to increase in it's price.
If we think that internet is a country ,then it's currency will be Bitcoin. As it is not visible and one type of digital currency or otherwise known as krypton currency. It is one type of important currency which doesn't need any bank or agency for transaction, it can be transferred from one person's Bitcoin wallet to another person's Bitcoin wallet.
Bitcoin was first introduced by a software engineer called satoshi Nakamoto on 3rd of January 2009.It was firstly used for a transaction to purchase pizza. And now a days it has become that popular that any where it can be used without any govt interruption. People like to use it because it is safe and can be transferred with a super fast speed and without any govt regulation. It is an encrypted transaction between two person.
In India Bitcoin is mainly used as remminitence ,which means income that is send to India by those people who are working in abroad. But it has some demerits that anyone can use it for any purpose means any type of illegal purpose. As here no govt or bank regulation is there.
But it can be tracked as all the transaction are recorded in the active network in coded form,and these data cannot be misleaded.
Something that make Bitcoin more special is it's value.A Bitcoin is equivalent to 12477 in Indian currency. It is stated that in future it is going to be lost and it's value may become multiple time greater than it's present value, as the economic principle explain more demand for anything leads to increase in it's price.
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