Bitcoin

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Bitcoin

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world.Transactions using bitcoin are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them day by day.




Bitcoin Importance

Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.

How to get Bitcoins

Buy On Exchange : There are many marketplaces called bitcoin exchange allow people to buy or sell bitcoins using different currencies.
Transfers : People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.
Mining : People compete to “mine” bitcoins using computers to solve complex math puzzles. This is how bitcoins are created.The first participant who solves the puzzle gets to place the next block on the block chain and claim the rewards.