Now I Will explain in deep about Bitcoin
Bitcoin is a Cryptocurrency.Bitcoin created in the year 2009 by an unknown person Satoshi Nakamoto.Bitcoin is calculated in Satoshi ( Satoshi is the smallest unit of Bitcoin).
Bitcoin will never have more than 21 million coins in circulation(Because it has some cause, I will explain in another article about this).
Bitcoin is a solution for the universal currency.Nobody can track the Bitcoin because you and your computer knows how many bitcoin’s u have and who transferred to ur address.You can change unlimited addresses to ur Bitcoin in Fraction of seconds, that’s why mostly hackers demand amount in Bitcoins.Recently Wanna cry virus Hackers also demand amount in Bitcoin’s only.
Bitcoin is the first cryptocurrency but in nowadays we can lot of Altcoins is available.The government has no control over cryptocurrencies as they are fully decentralized.
At present Rate of One Bitcoin at this time when I am writing this Article is 1BITCOIN = 5833.10 US Dollar ($).
In future, we can Expect price Hike Because there is a limit 21 million bitcoins only released as per Satoshi Nakamoto Algorithm.
what is bitcoin mining?
Actually, Bitcoins are released by or mined by Miners, Miner’s mine Bitcoins with help of hi-grade computers (ASIC machines).They select pool where they have to mine and then they will form a group in Miner’s community forums and starts digging.
How to get bitcoins?
Genesis mining will also give a chance in mining by common people also, for that u have to purchase a hash rate on their official website here Genesis Mining. they have Daily payment option also.
I hope I think this Article helps u, And you can check details about Litecoin in my next article.
I wrote details about Cryptocurrencies As per my knowledge
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