Bitcoin Cryptocurrence buzzes all over the world, whether you are on the internet or on any support. This is one of the most exciting and craziest things that occur that enter the last few years only. More importantly, you can earn a great return of BitCoins trading or you can keep it long-term.
You may be heard about stocks, commodities, forex and now a new currency called Bitcoin Trading that greatly affects our lives. In this guide of the beginner of Bitcoin Cryptocourcy, you will learn to know the A B C of Bitcoin.
About Bitcoin Cryptocurrence
The emergence of Bitcoin is still not known, but an article was published in October 2008 under the Pseudonym Satoshi Nakamoto held Japan. His identity is always unknown and believed about one million Bitcoins worth more than $ 6 billion in September 2017.
Bitcoin is a digital currency known as Cryptocourcy and is free from any geographical limit. It is not set by any government and everything you need is an internet connection. As a beginner, Bitcoin technology can confuse you and a bit difficult to know about it. However, I will help you dig deeper and how you can also make your first bitcoin trading comfortable.
Bitcoin Cryptocurrency is working on blocking technology that is a big digital advertising book and shared by anyone in the world. You will find your transactions here every time you make a Bitcoin trading and everyone can use the big book to check it. The transaction performed will be completely transparent and verified by Blockchain. Bitcoin and other cryptocurrences are the parts of Blockchain and are a brilliant technology that works on the Internet only.
Key terms related to Cryptocurrence Bitcoin
Before your loan to own your first bitcoin, it is preferable to know the key terms related to bitcoins. It is also called BTC that is part of Bitcoin and 1 bitcoin equals 1 million bits. With the emergence of Bitcoins, other alternative cryptocurgences have also evolved. They are commonly called atcoinins and include ETHERUM (ETH), Ledecoin (LTC), Ripple (XRP), Monero (XMR) and many more.
XBT and BTC are the same things and commonly abbreviated for Bitcoin. Mining is another term used a lot and it is actually a process performed by computer hardware for Bitcoin networks.
Things you can do with Bitcoin
You will be able to exchange, treat, accept and store Bitcoin. You can send it to your friends, ask a friend and store it in your digital portfolio. Even now you can reload your mobile / DTH directly by paying Bitcoin.
The cost of the transaction is low compared to PayPal, credit cards and other online intermediaries. In addition, it also protects your privacy that can be disclosed on the Internet when using credit cards. It is extremely secure and no one can grasp or steal coins. Due to its transparency in the system, it is also not possible to manipulate because of the great shared public book. You can check the transaction from anywhere and at any time.
The demand will probably increase as the total production of Bitcoins must be limited to 21 million. Japan has already legalized it and other countries can follow it soon and the price can increase further increase.
I will cover more on the Bitcoins in detail in the coming days when you are going to learn great bitcoin trading stuff. You can comment on your views and ask for something relevant to Bitcoins.