What is bitcoins?How to earn bitcoins
This article will explain you What is bitcoins?How to earn bitcoins .
What is Bitcoins ?
A Bitcoins is a digital currency .A currency that cannot be feel or touched. Bitcoins sound like a coin but it is not any coin or paper. It is a virtual currency. Basically it is a currency of internet. Also it is not tied to any bank or government. It is an open source. There is no centralized authority for Bitcoins. A Bitcoins trade is simple one to one there is no authority in between as there is no control of government and bank.
When and who developed the Bitcoins ?
It was developed by Satoshi Nakamoto. Till today it is a mystery that who is satoshi nakamoto. Bitcoins came to existence in year 2009. There is a strange fact about bitcoins that only 21million bitcoins can came into existence.
How does bitcoins work ?
For a user point a view it is just a simple mobile app or computer application that provides a personal mobile wallet. The transaction done by using a bitcoins is anonymous .Means both sender and receiver identity are not disclosed.
Price of bitcoins ?
At present 1 bitcoin is equal to 183418 indian rupee. The value of the bitcoins is not fixed it changes constantly. As there is no control authority on bitcoins so the value of the bitcoin is fully depend on Demand any Supply i.e. more the demand and supply of bitcoins larger will be the price of bitcoin.
Price of bitcoin with respect to us dollar.
How to earn bitcoins ?
There are three methods by which one can earn bitcoins.
- Purchase bitcoins at Buybitcoinworldwide.
- Exchange bitcoins at Localbitcoins.
- Earn bitcoins through mining at Bitcoinmining.
Remember one thing while buying your bitcoins keep your information safe.
People from different country can exchange their local currency into bitcoins.
In simple words mining means solve the issues that occurs during the transaction. It is difficult task.Bitcoins miners helps to keep the network safe
How bitcoin payment takes place?
Like other wallet it make use of debit or credit card.A receiver receives money without knowning senders informations. Sender send the money using a unique address or by scanning a QR code.
Advantages of bitcoins ?
- Free of cost
It is possible to send money anywhere in the world any time.
It costs nothing for sending and receiving the money.
Both sender and receiver information are kept secret while transaction.
Disadvantages of bitcoins ?
- Change in value
- Limit in currency
Many people are still unaware about bitcoins.So the usage is very less.
The value of the bitcoin is not fixed it constantly changes with demand and supply.
Ony 21million bitcoins can came into existence it is a major disadvantages of bitcoins