Thursday 21 December 2017

Bitcoin(Digital Form of Money)


BITCOIN – A CRYPTOCURRENCY

Bitcoin is a cryptocurrency and peer-to-peer electronic cash system.Transactions are made with no middle men,no payment gatway and no banks!
What is Bitcoin?
Bitcoin is a digital form of money.It is a new currency that enable a new type of payment method.
Bitcoin is a new currency and worldwide payment system that enables a new type of payment method. It is  a completely digital form of money. Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. Bitcoin can be used for hotel booking, shopping  for furniture and buy Xbox games.Transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

We can describe Bitcoin as ‘Cash for the Internet’.





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