We
would like to provide the general awareness on the topic “knowing
about bitcoin ”, Try 3 steps provided below.
If
you want to buy thins electronically you can use Bitcoin. That means
it also a currency that we are using every day. But the main
difference is that every nation controls its own money, but no one
controls the Bitcoin.
1. Who makes it:
1. Who makes it:
Satoshi
Nakamoto
first
introduced the
bitcoin to this electronic world. A software developer who introduced
the concept of “electronic payment system based on mathematical
proof”. The main features of Bitcoins are low transaction fees,
fast transactions decentralization(No one controls it).
2. Is it printable:
2. Is it printable:
No, it is
not. We can’t print it. As it is being generated electronically we
can’t print it. Which makes the complete difference between normal
currency and Bitcoin. Group of people can produce it who join as a
group.
3. Rules
and features:
Only
21 million bitcoins can be created. Smallest divisible amount is one
hundred millionth of a bitcoin and is called a ‘Satoshi’. Bit
coins are purely mathematics based. Anybody can check their value
using freely available softwares. Simply remember it is not a barter
system.
Easy
to start, nobody knows, transparent, almost zero transaction fee,
Fast, no centralization
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