What is Bitcoin? - Mcx Commodity Live Market Watch
Wednesday, June 6, 2018

What is Bitcoin?

  • What is Bitcoin?
Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.
There are no physical bitcoins, only balances kept on a public ledger in the cloud, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite its not being legal tender, Bitcoin charts high on popularity, and has triggered the launch of other virtual currencies collectively referred to as Altcoins

What is Bitcoin? Reviewed by Satar Chaki on 11:46 AM Rating: 5 What is Bitcoin? Bitcoin is a  digital currency  created in 2009. It follows the ideas set out in a  white paper  by the mysterious Sat...

1 comment:

  1. Bitcoin is generally a cryptocurrency or generally an imaginary currency rather than tangible currency in which you can touch and feel the currency. Bitcoin is established by a common man named "Satoshi Nakamoto" its also called digital currency. Its value has reached its highest peak level $19783 which catches the world's attraction in a frequent manner. But the Indian government banned this cryptocurrency in 2018. its banned due to some substantial reason of misusing it by another un-social element of terrorism.

    RBI has banned Bitcoin for some reasons but they declare their own digital currency to be launch in 2019. and it gives you the proper direction of growth. you can choose other option of investment like Stock, Commodity and Forex market which is a comprehensive channel of investment. you can opt latest Commodity trading tips for best result.