Bitcoin price Leader in blockchain news,

Bitcoin Price leader in blockchain news

What is Bitcoin?

This was the year 2008, Month August when two mysterious  programmers using the names Satoshi Nakamoto and Martti Malmi  first mention a digital product called bitcoin. a new domain registered In month of the October of the same year 2008,called bitcoin.org, a popular document, called a white paper, entitled “Bitcoin" the technology based on Peer-to-Peer Electronic Cash Trnasfer System.”  introduse Nakamoto and their friend in same year.

This white paper laid out the principles of Bitcoin,In short, the document white payper described a new form of currency,Called Cryptocurrency, that allowed for trustless payments on the web over the world-

In other words, the system is based on the concept where payment made between two users who didn’t know or trust each other to exchange money in the same way they could pass cash back and forth. 

The system was also advance where user get confirm messages, transactions and data using a tool called public key encryption,and this public key encryption system,that why later we say bitcoin or white paper is cryptocurrency,bcoz the data and txn details are save in public key encryption,later this technolgy born blockchain.


This was the year 2009 when first bitcoin transaction occur between two computers owned by Nakamoto and the late Hal Finney, a developer and an early cryptocurrency enthusiast. 

But now days no one knows who is Satoshi Nakamoto and really is in living world. Even a man named Dorian Nakamoto was erroneously named as Bitcoin’s creator by a Newsweek reporter in 2014.but still it is mystery who created bitcoin,how ever it is not much important to know who is owner of bitcoin due to the decentralized nature of the platform,

Dorian Nakamoto

 Dorian Nakamoto wasn't Satoshi.Source: Newsweeklied.com

**Can Bitcoin should be asset like gold ?

like other fiat currency bitcoin is not prinited currency,they’re produced only by latest computers over all the world using free and most high tech software(called bitcoin mining) and it is held in electronic or digital form programs called wallets.

Smallest unit of a bitcoin is Satoshi and It is equal to one hundred millionth of a bitcoin (0.00000001). This is advance future of  microtransactions that traditional electronic money cannot perform.

Generally the term “bitcoin” has arrive from two possible word, There’s bitcoin the token, which refers to the keys to a unit of the digital currency. A bitcoin token is store in digital wallet callet "bitcoin wallet" that is identified by a unique pattern of numbers and letters such as “1B1zP1eY5QGefi2UMPTfVL5SLmv7DivfRz.” Whenever any person wants to send you bitcoin,the person will ask your bitcoin wallet address which is like this "1B1zP1eY5QGefi2UMPTfVL5SLmv7DivfRz" that person will  also send it to your particular, public wallet address, and you will access it via your private keys. 

Bitcoin can be used as electronic or cashless payment system to pay for things, if both parties are agree.But stop here and think one important thing, Unlike payment services such as PayPal skrill,payeer,debit or credit cards it is irreversible – it cannot be called back.

bitcoin is open source software and we still dnt know who was actual programer? due to its open source it  not depend on any centralized system like banking any any private financial system.When ever someone send a bitcoin to another person in any part of the world, the entire network takes part.

This process is called decentralization,and it is most important and advance feature of bitcoin, one of the Bitcoin network’s most important characteristics. No any single institution or agency controls the bitcoin network. The protocol or server is maintained by a group of volunteer coders, and run by an open network of dedicated computers around the world.  

there is no any central validator agancy in this network system,that why users do not need to identify themselves during sending of  bitcoin to others user. lets when a sender make a transaction with thier faimy or friend, the entire protocol checks all previous transactions instantly to confirm the sender has the necessary amount of bitcoin in thier walllet,as well as the authority to send them.Since the all system is transparent, the progress of a particular transaction is visible to all. Once you sent bitcoin to other there is no any way to get money back

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How to buy bitcoin from anywhere of world?

You have learn basic details of Cryptocurrency(bitcoin,)So are excited to buy sell exchange or invest but the question is how to buy ?
And also You can buy from local person.
Bitcoin can be buy with lots of local payment option like hard cash,credit card,debit card,ipms,googlepay,amazon pay,phone pay,upi,imps,western union,paypal and lots more.

The first step toward buying bitcoin is getting wallet for store your coin.there are various company that provide bitcoin wallet,you need to choose as per your convenience,i personally recombended blockchain.com (https://www.blockchain.com/wallet?utm_campaign=dcomnav_wallet)

Before using any company wallet keep your mind these things, keeping your keys and passwords safe is important part of any wallet.

There are lots of bitcoin exchanges in the world in which Bitfinex,Coinbase,Bitstamp,and polonies are most popular and trusted.

Most of the above exchanges accept payments via bank transfers or credit cards, imps,wire transfer,and some are willing to work with Paypal transfers also but txn with paypal are risky. Every exchanges have their own fee for each transaction,

What if you prefer to buy bitcoin with cash, 

It is tough to say that who one is best and trusted for doing cash transaction,But as per my view LocalBitcoins.com will help to you to find out any individual who are willing to exchage their bitcoin with cash.Some other platform that provide cash txn services across the united state is LibertyX


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