Bitcoin is the decentralized currency runs virtually, using peer to peer network. The digital currency best to buy from the bitcoin exchange. It can be transferred through wires in minutes taking very minimal time in comparison of fiat currency transfer from one place to another.
The currency transfer from digital currency has been made so easy and convenient without the interference of the third party the money can be received and send from one user to another. One of the best quality of digital currency is the transactions made through bitcoin are public.
The transferred bitcoin can been seen without unveiling the identty of an individual. The id generated at the time of registration in bitcoin exchange commonly known as bitcoin address of the individual user. (blockchain technology).
The two popular websites accepted bitcoin for first time were WordPress and Reddit. The bicoin is far different from the fiat currency. The bitcoin is a virtual currency that is not regulated by any central body nor printed.
Bitcoin received the good number of users at the time of demonetiztion in India. When Prime Minister Narendra Modi banned the 500 and 1000 rupees note in India on 8th November 2016. Many of the Indian Citizen find bitcoin and other cryptocurrencies as great investment vehicle and started looking for the best bitcoin exchanges in India such as Bitxoxo, Coinsecure and etc.
An alternative to the fiat currency bitcoin started from $1 in October 2009 and now surging to the best bitcoin rate till date is $1,768 as on May 2016.
No comments:
Post a Comment