Yeh bitcoin bitcoin kya hai.??

Hi guys,today I am writing about somewhat trending virtual currency known as Bitcoin.

• HISTORY

Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-software in 2009.

• Simplified

In laymen terms if I can explain it is a virtual currency which can not be seen or touched,but does exist.It is decentralized i.e no agency such as RBI ,etc can't control the transactions.They can be transferred by bitcoin wallets such as blockchain wallets,etc.

 1INR=100 paise

 Similarly, 1bitcoin = 

100,000,000 Satoshi

• Where Can You Buy or Sell It

You must create an account on www.zebpay.com . All the transactions occurs 1-on-1 and doesn't include any external agency monitoring the transaction.

• How to earn bitcoins

1.Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies. 

2.By playing games such as

Free bitco- https://freebitco.in/?r=4783010

Bitkong- https://bitkong.com/en?r=e9VcqUnw

Bitsler- https://www.bitsler.com/?ref=milind

3.By surfing ads- https://adbtc.top/r/l/103764

4.By mining bitcoins-Mining is a record-keeping service.Miners keep the blockchain consistent, complete, and unalterable by repeatedly verifying and collecting newly broadcast transactions into a new group of transactions called a block.Each block contains a cryptographic hash of the previous block, using the SHA-256 hashing algorithm, which links it to the previous block,thus giving the blockchain its name.As new blocks are mined all the time, the difficulty of modifying a block increases as time passes and the number of subsequent blocks (also called confirmations of the given block) increases.

Future

In the last 1 year the bitcoin price has increased by nearly 1,00,000 INR. So if you are trading in stock market bitcoin might be a good place to invest in.

Also new virtual currencies such as Dogecoin ,Ethereum ,etc are risng and establishing their positons on the crypto currency market.

• Disadvantage

1. As there is no monitoring agency for this crypto transactions .There is no track for the government to lay income taxes and black money transaction gets easy by this.
2. Your online transactions can be 1hacked if you have not set 2 or 3 factor authentication for your net banking and wallets.

Do comment about what you feel about this post. Also if you want something specific related to this post do suggest.Hope so you people enjoyed reading this post. Bas yahi bitcoin bitcoin hai.Till then have a good day...keep reading.!!