What is Bitcoin?

Today, the Internet has made all those things easy, which seemed impossible to think before. Because the way we keep other currencies such as dollars or rupees in our pocket or wallet. Similarly, bitcoine is also a currency that can be viewed and used by the internet.

Have you ever heard of bitcoin? At present you will have heard news related to Bitcoin news related to selling of Bitcoin in newspapers or news of social media.
Now the question is what is this bitcoin (What is Bitcoin)? And why is its trend  increasing rapidly? If you also want to know what is a bitcoin and how can you buy and sell it? So this lesson can be useful to you. Because full details of bitcoin are being given in this lesson.
What are bitcoins?
Bitcoin is a currency but it is different from the normal currency. Because it is a virtual currency or a crypto currency. Which means that we can see and can not touch. If you are thinking of what kind of currency it is? So here you need to know that in the currency of the internet we receive a wallet. And from where we can buy and sell anything.
You can also call it digital currency. Just as we are buying a piece of goods from a nearby shop and paying for the purchase of goods. Or pay e-wallet when buying goods online. Just like Bitcoin currency, you can buy products from any online e-commerce website or any online site. And in return they can give a bitcoin to the currency.
Generally we can not touch the Bitcoin currency like Rupee, Dollar etc currency. You can also give it the name of the fictitious currency. But in reality this is the real currency. With the help of internet, you can see and use this currency. We do not need any wallet or bank to handle this currency.
pay attention:
At present, bitcoin coins are not acceptable at all places.
How much is the price of bitcoin?
At the beginning of bitcoin, internet awareness was low in people and the number of internet users was significantly lower than the present time. Its price was very low in the initial round of Bitcoin, of which around 0.3 $ was. But today you can check its current price on Google if it's worth millions.
How much is the cost of Bitcoin at the present time, if you are too excited about bitcoin or want to know the current situation about bitcoin. So you can easily convert current Indian Rupees into a bittoine on Google.
To know the value of the current bitcoin, first open the web browser on your smartphone or computer.
Now type "1 bitcoin price to inr" in the search box here.
Do so after doing so
And here you will find out the amount of Indian currency you will need to buy a bitcoin.
History of Bitcoin
In the year 2009, Bitcoin currency was started by "Satoshi Nagamoto". It is a digital currency in which crystallization is done by the construction and management of currency rather than the normal banks' banks.
Satoshi Nakamoto unified all his remedies with the Cyber   Group in the early part of Bitcoin, and by year 2010, the development of Bitcoin was started online and offline. As a result, some major businesses started accepting Bitcoin currency in 2010 for their business.
 Are bitcoins completely safe?
Here, it is important to know that the Reserve Bank of India (RBI) and the Indian government have expressed a strong stance on bitcoin. In a press conference by the Reserve Bank of India in 2013, the RBI says that there is no official permission for transactions in these currencies.
And because of which there is a risk in their transactions and in the year 2017, the Reserve Bank of India has said that people should be careful about this matter. However, unlike all these things, the Indian government has not declared it illegal. And it is completely legal and many people are using and investing in the current time Bitcoin currency in India.
Also, there is no authority for Bitcoin which means that no government or bank is set up for the collection of this capital. It can also be a risky currency. Which can ever fluctuate
Apart from this, online cybercrimes such as online hacking etc. are on the internet today and it is an internet currency (digital currency). So in the event of hackers or hacking our accounts by hackers, we will lose all our money. The opportunities to get that are very rare.
Now do you think that bitcoin is safe or can it be risked?
What are the benefits of using bittoine?
It is a virtual currency and it is different from the physical currency. Because of which it can be used anywhere in the world. This process has made small traders very easy in international transactions.
When you use bitcoin, you have complete control over your currency ie no other person or government interferes.
 At present, using bitcoin currency as payment is not charged either from the user or charged very little. I.e. PayPal and Less than the credit card is charged.
Bitcoin is a real money used in restaurants, travel and coffee shops.
Bitcoin can be used offline as well as online shopping websites, DTH, mobile recharge, online transactions. That is, wherever a vendor accepts bitcoin, we can use bitcoin for transaction work.
what have you learned?
In this lesson we have given you complete information about bitcoin. Did you know what the bitcoin is? Who made Bitcoin? Is this a safe currency? Etc. The questions have also been examined.