What is the bit coins?
Bitcoin is the sign currency traded through the Open Source Cryptographic Protocol. Bitcoin transactions do not require financial institutions, regulatory bodies, or fixed houses. In 2008, Satoshi Naakamoto introduced this coin. Bitcoin transactions are either peer-to-peer or consumer to customer's computer or mobile. All Bitcoin processes are completed online through an open source software or through a web site.
Bitcoin is a trading currency through Open Source Cryptographic Protocol. It can not be seen or touched, it is made online, and used to be online.
In 2008, Satoshi Naakamoto introduced this currency system.
Let's come to the idea of some units related to Bitcoin-
· 1 MBTC = 1000000 BTC
· 1 uBTC = 0.00000 BTC
· 1 mBTC = 0.001 BTC
· 1 Satoshi = 0.00000001 BTC
At present, the price of 1 bitcoin is around 11,951.63 USD. Like most of the stock market, the price goes up, many of which are able to understand the update daily.
Utility of Bit Coins:
- Bit coins are a lot of new things. It is also a type of payza, PayPal, Money Boxers like Bit Coin transaction method or gateway. In many countries of the world, many sites have been added bit system of bit coins as gateway payment processes.
- Bit coins system has gained popularity in Europe, Amyrica developed countries soon. There may not be too much time, where bitcoin system will be introduced throughout the country. Recently, many people earn bits of coins in Bangladesh.
- Through this, payments, bills, salary and bonus can be given anywhere. Moreover
Bitcoin can transpose to mobile, bank account or other master card. - It can be sold to any other stock market or bit coins market.
Bit Coin Account:
You need to create a bitcoin address first. This address is usually 34 Character. That's why this is so secure. It is basically called Bit Coin Gateway Payment Process. That means why you do not earn bits of coins from any site, here all bits of coins will be added to the income. Afterwards, you can easily draw from here.