Do you know anything about bitcoin and think why is Bitcoin so popular and what is Bitcoin mining? Here are the answers to satisfy all your curiosity. Bitcoin is electronically managed and controlled digital currency. This sounds interesting and strange but let me you it is absolutely true.
Bitcoin
is not printed hence no one controls or regulates it, it is tax-free, border
less and transparent currency. Bitcoin currency can be sent anywhere in the world
without third party dependency. Bitcoin currency is produced by using highly
complex algorithms.
These algorithms are known as mining bitcoin, it is a very
revolutionary currency form which have created financial revolution in the form
of cryptocurrency.
It
became so popular because of the following characteristics…..
1.It’s
fast
2.It
has large applications
3.No
transaction fees on it
4.Risk
free currency.
5.Borderless
and globally accepted
6.Deflationary
nature.
7.Decentralized
8.Bitcoin
currency is a liability of no one.
The reason behind its popularity is, it gives the owner the feeling of freedom from
taxation, devaluation, confiscation and theft. It is based on latest technology
known as the blockchain. According to Satoshi Nakamoto, It is a p2p mode or version
of transaction of money, people can transfer their payments without depending
on third party.
The
value of bitcoin is increasing tremendously daily. Click on the pics in this
post to find out more as to why Bitcoin is so popular and join the millions of
bitcoin owners today, don’t get left behind.
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