Over few years Bitcoin became very trending every body wants to earn and invest in bit coin . So in this article we will discuss that what is Bitcoin and Crypto currency.
- What is Bit coin
- What is Crypto currency
- Origin of Bitcoin
- Bitcoin present value
- How to earn Bitcoin
- Is it good to invest in Bitcoin
- Future of Bit coin
- Summary
What is Bitcoin
Bitcoin is actually a Crypto currency in simple words Bitcoin is a form of digital currency . Nowadays many multi-national companies are also accepting Bitcoin . According to many experts Bitcoin have a great future and after some decades it will replace physical currency . Opening a Bitcoin wallet need nothing no documents, Financial details , nothing it is easy to use .You can sign up to Bitcoin official website to get your own Bitcoin address
What is Crypto currency
Crypto currency is a digital form of payment that can exchanged for goods and services . It uses a special type technology know as blockchain . Blockchain does not use a single computer for processing it requires thousands of computer to compute transaction and keep records of them . Those computers are home based PC given in service by volunteers across the world. Those volunteers receive some fees for computing the data this called mining . You also can be a minner and earn money . You can comment below I will write a dedicated article about how to be minner and earn money.
Origin of Bitcoin
In 2008 Bitcoin was made by a unknown person or a unknown group of people or a company or group of companies it is still unknown who exactly had made it but it his or their Nick name is Satoshi Nakamoto.
Bitcoin became popular and come to use from 2009 when it became open source in GitHub . From that time it started to get featured to many popular newspaper and magazine and it's net worth keep increasing from $0 to $15000 in present day .
Bitcoin present value .
Everyday Bitcoin price keep decreasing and increasing . On 2021 the value of Bitcoin was $8000 to $20000 . You can checkout Bitcoin price today in Google .
How to earn Bitcoin
There are several ways by which you can earn Bitcoin . This can be discussed fully in another blog I will publish it soon so stay tuned . For now I will discuss shortly about some ways .
Become a Bitcoin minner : If you have a good PC , a stable internet connection , Then you can join Bit coin minning or block chain as I told earlier what is block . Bit coin minning is the fastest , most easiest and legit way to earn money . Bitcoin mining is an another chapter in Crypto currency that can not be discussed in a single blog. I will make a separate article about this .
Cloud-based mining : Several website provide cloud based mining services in exchange to this you have to see their ads .
Their are many leading website , I will make a dedicated article about this.
Is it good to invest in Bitcoin
If you have money to invest , have patience
Then I will recommend you to invest as much as you can in Bitcoin because Bitcoin
have a vast future waiting for it . You can imagine that within 13 years it's price became $20000 so you can imagine what type of future is waiting for Bitcoin . There fore big multi-national companies such as Tesla motors , MasterCard are investing million of dollar in Bitcoin .
Future of Bitcoin
Bitcoin has a vast future . In simpler words In future Bitcoin will replace future currency and it's price will become 1 million dollar.
Summary
Bitcoin is a digital form of currency that will replace physical currency after some decades or century . If you have some money I will recommend you to invest in Bitcoin because it have a vast future .
Thanks for reading ........
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Digital Knowledge