What is Bit Coin?

What is BitCoin?

1. Its nothing But a digital currency in which transactions can be performed without the need for a central bank.
2. "bitcoin has become a hot commodity among speculators"

   • a unit of bitcoin.

     "bitcoins can be used for online transactions between individuals"

A Bit Coin is nothing but The Worlds First Centralized Virtual/Digital Currency and we had Digital Currency for a long time like for Decades,You  may heard of these Currencies too they are Microsoft Points and Facebook Credits which are Digital Currencies.  

How ever these Currencies cannot be used as a real money, there are specific rules related to theses 

currencies.You can only purchase the Microsoft Products only at Microsoft store using only Microsoft points which you have to pay a certain amount of money in-order to get those currency changed into Microsoft points. And you cannot use those Microsoft Points in any other stores, Same applies for Facebook Credits.

These tokens are  issued by the central issuer there is a company which makes these tokens and exchanges them for money.Where as for  Bit Coin It  doesn't have a Bit coin company nither a building nor even  a Bit coin server to shut it down.Where as for a normal transaction between you and me we needed to employ a third party's help like Pay Pal,Visa,Master card,Western Union In order to send it in digital form and get it in your account By deleting the amount in your account.Where as the problem of that transaction is  being legit. Where as the Bit Coin solves this problem and there is no required of a third party.

If you want to earn Bitcoins click on this link and get free bit coins on getting registered https://qoinpro.com/7f77654adb2d53f0a93806b47a19e89a

Written by Unknown

We are Creative Blogger Theme Wavers which provides user friendly, effective and easy to use themes. Each support has free and providing HD support screen casting.