VIDEO: All you need to know about Bitcoin Digital currency
New Delhi : Bitcoin is a virtual currency that was created in 2009 by an unknown computer whizz using the alias Satoshi Nakamoto. Individual Bitcoins are created by computer code. Bitcoin transactions are made with no middlemen. The price of bitcoin skyrocketed into the thousands in 2017.
it is a cryptocurrency and worldwide payment system. The network is peer-to-peer and transactions take place between users directly through the use of cryptography, without an intermediary.
Bitcoin Digital currency features:
These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies products, and services.
You can set up a virtual wallet website like Blockchain to store, keep track and spend your digital money.
You are also able to purchase Bitcoin through an online exchange or Bitcoin ATM. To learn more about Bitcoin pop over to cryptohead.io