Technology Magan

Latest Technology News, technology blog, technology information, tech news, business news, cricket news, sports, lifestyle, Entertainment.

Advertisement

Tuesday, December 05, 2017

What is Bitcoin? Know the complete knowledge of bitcoin

What is Bitcoin? Know the complete knowledge of bitcoin - bitcoine is a digital currency which we can also call common currency in common language. We can not store this currency in our house or in our wallet because it is not a kind of note or any coin. Therefore, you can use bitcoine only online. Bitcoin is a Decentralized way, meaning there is no Authority, Government or any bank to control this currency.




It works on Peer To Peer Network Base, and bitcoin users believe that it is a currency. This is how it has become a global currency. Bitcoin is invented by Santoshi Nakomoto in the year 2009. These are quite popular Currency.                                                                                             
If you talk about the value of bitcoin, then today the price of 1 bitcoine is approximately 70,000 Indian Currency. It is not that if you want to buy Bitcoin, then you will have to buy 1 bitcoin. Actually the smallest unit of bitcoin is Santoshi And 1 bitcoin = 10,00,00,000 (million) is Santoshi.

Like in Indian Currency, there is 1 rupee = 100 paisa l. By itself, 10 crores of Santoshi is made of a bitcoine. I mean you can break 1 bitcake to 8 decimals. You can also use 0.0001 bitcoin.

No comments:

Post a Comment

Random Posts

Amp HTML

El proyecto AMP es una iniciativa de código abierto que busca mejorar la web para todos. El proyecto permite la creación de sitios web y anuncios consistentemente rápidos, bellos y de alto rendimiento en dispositivos y plataformas de distribución.


Ayudadeblogger.com ha creado sitios exclusivos en el formato Amp HTML (Accelerated Mobile Pages Project). Creemos el conocimiento debe ser distribuido gratuitamente a todos los usuarios de la red.