Are you still curious about why bitcoins are so popular or nah?
NicholasIn January 2009, Satoshi Nakamoto released the code of bitcoin software online. Bitcoin is software for mining. Bitcoin mining is a process, through which Bitcoin is made. In January 2009, Satoshi made the world's first Bitcoin.
Bitcoin is a kind of cryptocurrency. And cryptocurrency is a kind of digital currency system that has no physical or practical form. Bitcoin is the most popular cryptocurrency in the world.
Some unique features of Bitcoin
- Bitcoin is a fully decentralized currency system. It is not controlled by the government or any authority. Peer to Peer system makes every user here the real owner of their Bitcoin. No one else can own their Bitcoin network.
- The entire process of bitcoin exchange
- transactions is anonymous. A Bitcoin user can open multiple Bitcoin accounts. Opening these accounts does not require any person, such as user name, etc. As a result, the user's true identity is kept secret.
- Bitcoin transactions are carried out in a very transparent manner Records of each transaction are stored in the blockchain which anyone can see from anywhere in the world. So there is no corruption here.
- Bitcoin account is very easy to open. In this case, there is no problem with opening a normal bank account. No extra fees are required. No documents are required to be submitted.
- Bitcoin transaction process is very fast. Bitcoin stoicism from the edge of the earth will reach the recipient in a few minutes.