What is bitcoin (BTC) how to buy or sell bitcoin know full details

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bitcoin

Nowdays most of peoples know about bitcoin and some peoples dont know about it so if you are one of them who dont know about it or if you know and you have interest about btc then read this post till end, here i am going to share everything in details about bitcoin that you want to know so lets see so firstly we need to know what is bitcoin

What is bitcoin (BTC)

Bitcoin BTC is Like paper money and gold before it, bitcoin is a currency that allows parties to exchange value.

Unlike it predecessors, bitcoin is digital and decentralized.

For the first time in history, people can exchange value without intermediaries which translates to greater control of funds and lower fees.

Why you should need to use bitcoin

You can use bitcoin for many of the same reasons you opt to send an email, stream a movie, or download a song. It’s faster, cheaper, more secure and immutable. And its uses extend beyond the peer to peer payments. In many places, bitcoin is less volatile than the local currency so some use it to store value while others use it to consume at hundreds of thousands of vendors across the globe and online.

So i hope you understand what is bitcoin and why you should need to use bitcoin, now i am going to tell you where and how you can bitcoin wallet, its very easy to create a btc wallet in online many website have where you can create your own wallet but some of them are fake.

How to create bitcoin wallet

There are many website where you can create btc wallet blockchain is one of them and this is trustly bitcoin wallet, they never save any users info so most of peoples using this site and i am too, lets checkout how to create btc wallet

Steps to create bitcoin wallet

  1. Go to blockchain.info
  2. Click on get a free btc wallet
  3. Enter your required details and click on continue
  4. Verify your mail address and you are done
  5. Your btc wallet successfully created

create bitcoin wallet

As yo can see its very to create a btc wallet and once you created then you will get an unique bitcoin address which looks like below

After creating btc wallet you can receive or send btc to anyone, if you want buy or sell btc then you can contact us via our whatsapp or call at this number 8116027065 or you can also contact us through our official facebook page by  clicking here

Some btc faqs know everything

What is btc or Bitcoin?

Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.

From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.

Who created Bitcoin?

Bitcoin is the first implementation of a concept called “cryptocurrency”, which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority.

The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto.

Satoshi left the project in late 2010 without revealing much about himself.

The community has since grown exponentially with many developers working on Bitcoin.

Satoshi’s anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin.

The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software.

Just like current developers, Satoshi’s influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin.

As such, the identity of Bitcoin’s inventor is probably as relevant today as the identity of the person who invented paper.

Who controls the Bitcoin network?

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world.

While developers are improving the software, they can’t force a change in the Bitcoin protocol because all users are free to choose what software and version they use.

In order to stay compatible with each other, all users need to use software complying with the same rules.

Bitcoin can only work correctly with a complete consensus among all users.

Therefore, all users and developers have a strong incentive to protect this consensus.

How does Bitcoin work?

From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them. This is how Bitcoin works for most users.

Behind the scenes, the Bitcoin network is sharing a public ledger called the “block chain”.

This ledger contains every transaction ever processed, allowing a user’s computer to verify the validity of each transaction.

The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending bitcoins from their own Bitcoin addresses.

In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward in bitcoins for this service.

This is often called “mining”. To learn more about Bitcoin, you can consult the dedicated page and the original paper.Is Bitcoin really used by people?

Yes. There is a growing number of businesses and individuals using Bitcoin.

This includes brick and mortar businesses like restaurants, apartments, law firms, and popular online services such as Namecheap, WordPress, and Reddit.

While Bitcoin remains a relatively new phenomenon, it is growing fast.

At the end of August 2013, the value of all bitcoins in circulation exceeded US$ 1.5 billion with millions of dollars worth of bitcoins exchanged daily.

So this all about bitcoin, now if you have any others questions regading btc then leave a comment we will help you as soon as possible.

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