Bitcoin is a world wide digital currency. Bitcoin is based on blockchain technology. Bitcoin is making by Satoshinakamoto in Japan. with use bitcoin you can send your money convert in to the bit coin and send anywhere by using particular bitcoin wallet for example blockchain. you can say that that bitcoin is father of cryptocurrency.bitcoin is a visual.
Bitcoin is use peer to peer technology to oparate with no central authority or banks. Bitcoin is open source nobody can owner and operate bitcoin. And everyone can take part in bitcoin. Now in the Indian government is announce that bitcoin is legal in India. You can use bitcoin many places. Many websites allowed bitcoin.you can buy with help online websites. In the cryptocurrency many coins are there. But without bit coin you can’t buy any coin. I preferred you guys that bit coin(BTC), bitcoin cash(BCH), ripple(XRP) , ethereum(ETH). These are the best top position coin.and every different coin are working based on different different types of technology
Cryptocurrency is biggest platform for coin based trader. Bitcoin is created in January 2009. There are no physical bitcoin. Bitcoin is type of cryptocurrency. The public key servers as the address which is published to the world and to which others may send bitcoins. The private key meant to be a guarded secret and only used to authorize bitcoin transmission. Here is the bitcoin keys should not be confused with the bitcoin wallet, which is physically or digital devices which facilitates the trending of bitcoins and allow users to track ownership of coin. Bitcoin is decentralized coin. It means you never stored but you can stored in blockchain wallet.
How work bitcoin :-
Bitcoin is frist digital currency. Which is use to peer to peer technology to facilitate to instant payments. People also can do mining. It’s means miner put the bitcoin mining machine. This machine need cold atmosphere with 24 hours light. Bitcoin mining is depending on the mining machine. In the market many Maning machine are available with different types of specification.
Bitcoin is work on blockchain technology and also depend on algorithm which is invant by satoshinakamoto. Mining requires the solving of computationl difficult puzzles in order to discover a new block, which is added to the blockchain.for adding blog to the blockchain , miners receive a reward in the from of a few bitcoins, the reward is halved every 210,000 blocks.the block rewards 50 new bitcoins in 2009 and is currently 12.5. more and more bitcoin are created, and the main thing is the difficult of mining process is that the amount of the computing power involved increases. The mining difficulty is over 12 trillion.
1 bitcoin is divisible o eight decimal places (100 millionths of the bitcoin) and this smallest unit is referred to as satoshi. Bitcoin could eventually be made divisible to even more decimal places.
here is the basic information of bitcoin that what is bit coin and how it’s work.