Bitcoin is a new form of currency and has no concrete value. However, the value lies in the movability. This is value creating for the individual who can take control of their money. Bitcoin is suitable for fast transactions between people or companies all around the world. Transaction costs are low since this is a P2P network which means that individuals can send money without a supervisor or central authority. If you want to buy Bitcoin you have to start at an exchange where the trading platform acts as a mediator. When you trade you pay a small fee to the mediator for their service. The purpose of this site is to give you an overview of the different exchanges to help you get your own bitcoin.
Humans are social animals that cannot live without society. They need the help of others in almost all walks of life. No one can fulfill all his needs and desires alone. In the old days, they used to grow crops for themselves. The crop that was grown remained the main food of that area or locality. With the passage of time, they changed their mind and began to exchange goods and services with one another. This exchange of goods and services was called “barter”. The world was revolutionized with the advent of money. After the invention of money people started using it to purchase goods and services. This purchasing through money was a bit easy. They printed the currency notes and used those as a mean to purchase. The invention of computer and technology has once again revolutionized the world. Computers are being used almost in all fields of life now a day.
Bitcoin It is a term related to computer. It is a form of digital currency being used by businesses today. There is no currency notes printed in it and all the transactions are through computer without any transaction fee. This digital currency was invented in 2009 and since then its users have been increasing. Bitcoins are also called crypto currency there are no banks at its back. These are now used to purchase goods and services from the vendors who deal in it. There is no need of middle man or banks in it. Working of bitcoin
The process of purchasing and sales through bitcoins is easy as well as difficult. It involves three main things. These are:
1. Public Key
2. Private Key
3. Bitcoin Network
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