What is Bitcoin? And how to use bitcoin

What is Bitcoin - What is Bitcoin? 
Friends! It would probably not be wrong if  Bitcoin was called the world's most valuable currency. What is this Bitcoin, which everyone is looking to buy. Today it has become a global currency. That is  , you can send Bitcoin to any other person's account all over the world.  Bitcoin works independently. It does not operate under any company or any government nor does it own any. When  Bitcoin came into existence, the value of 5000 Bitcoin was  around 27 $. But today the value of 1  bitcoin is about 63,605 rupees and its value is increasing continuously.  Bitcoin  You can use up to 0.00000001 decimal. The 0.00000001th part of Bitcoin is called 1 Satoshi. So let's try through today's article of

What is Bitcoin
Bitcoin is a type of digital currency. Through which you can trade online through electronic means. It is a currency that is not in the form of a coin or a note, but as a type of program that stays secure in your account.  Bitcoin was created in 2009 by a programmer named Satoshi Nakamoto, but who is not yet known, Satoshi Nakamoto, and from time to time many people call themselves Satoshi Nakamoto.   Bitcoin is transferred from one account to another in the world's fastest and very nominal fee, so it is becoming very popular. Now people are investing in Bitcoin instead of investing money in the share market,  because there is a possibility of getting very good returns from here.

How to Bitcoin Work? 
Now let's understand a little in detail.
Suppose you have a normal bank account and there is also money in your account. Now, if you need to transfer money from your account online through internet bank, do online shopping, bill payment etc., now your money goes to the recipient or merchant through various channels. For example, see this infographic - Normal Bank Transaction

What is Bitcoin - What is Bitcoin? 
Friends! It would probably not be wrong if  Bitcoin was called the world's most valuable currency. What is this Bitcoin, which everyone is looking to buy. Today it has become a global currency. That is  , you can send Bitcoin to any other person's account all over the world.  Bitcoin works independently. It does not operate under any company or any government nor does it own any. When  Bitcoin came into existence, the value of 5000 Bitcoin was  around 27 $. But today the value of 1  bitcoin is about 63,605 rupees and its value is increasing continuously.  Bitcoin  You can use up to 0.00000001 decimal. The 0.00000001th part of Bitcoin is called 1 Satoshi. So let's try through today's article of www.techtipshindi.com to know  what is Bitcoin.

bitcoin tiops

Friends!  In the case of Bitcoin , instead of an account, there is a  Bitcoin address that is 24 to 27 characters long. Just you cannot use this Bitcoin as hard cash because it is completely digital and virtual currency.  You can also transfer bitcoin to your bank account. If Bitcoin you send to someone else, it gets credited directly to the account of the same address without any third party that you want to send.

Why is the value of bitcoin increasing?

Friends, when the production of any item is in a limited quantity, its production stops by going to a fixed limit and the demand for that product in the market is very high, then it is a matter of simple that the value of that product will increase. The same is  the case with Bitcoin . Bitcoin has been programmed that after 21 million  bitcoin is generated,  bitcoin will stop being created. And what is already in circulation, only  those will remain in Bitcoin circulation .

Now if you are thinking that Bitcoin persists on its own or is it just a program, can it be hacked at any time? No, you are thinking wrong. If you have  bitcoinThen only you can spend it, you cannot make it. They are generated by mining only and in small quantities like 0.00001  Bitcoin  and then these small Satoshi together become a  Bitcoin .

How Bitcoin is made - what is mining? - what is Bitcoin Mining 

Bitcoins are made by mining and become popular.  For mining Bitcoin we need computers with good processors. When there is a transaction of Bitcoin between two people online  , there are some mathematical problems that need to be solved to confirm and secure that transaction. These problems have a solution that Bitcoin is generated and comes into existence at some point  .

So friends, this much in today's article. Tell us how you felt this article by commenting. Next, I     will also introduce more articles related to Bitcoin , in which I will explain  how you can buy and use Bitcoin online. Nowadays  BitcoinIn the name of Internet, fraud is being done on internet too. In the next article I will also tell you about some reliable Bitcoin Mobile App and Bitcoin Websites from which you  can buy Bitcoin and Earn Bitcoin online