what is bitcoin and how does it work

what is bitcoin and how does it work:-It is a virtual currency or digital currency which does not have any government control. This is the world’s most expensive currency, at the moment a bitcoin costs $ 1090, which means around 68000 rupees. There is constant fluctuation in the price of bitcoin, and sometimes it costs too much, and there is a decrease in it. It can be bought or sold anywhere in the world, it has to be made to create a bitcoin wallet which is easily made. They can also be changed by official currency.

Since it is in code or letters, it can not be seized nor destroyed. This currency has not been issued by any bank, hence it is not the official currency of any country. So there is no tax on this. That’s why it’s popular all over the world.

Digital Currency ‘Betcone’ in Japan

The world’s first digital currency bitcoin which started in 2009 has been validated in Japan. Through this, now the services and items can be purchased – here. A law has also been made in Japan for this. Only after its introduction did the currency become quite popular in rich countries like America and China. Although who made it, it is a mystery to this day. Despite this, it is being used in secret places all over the world today.

When did the introduction of Bitcoin and who- 

In 2008, for the first time, an article about Bitcoin was published. It was available in 2009 as open source software for the use of logos. This is made by an unknown computer programmer or their group named ‘Satoshi Nakamoto’. It is a mystery, whose name is or where it is, it is a mystery. It is believed that it was made in China or Japan.

There is tax up to five percent on transactions with a credit or debit card. But there is no tax on bitcoin. Many companies worldwide, including PayPal, Microsoft, Dell, Expedia, Dish Network, transact through bitcoins. Bitcoin ATMs have also been installed in many places.

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