We all very well aware about "Bitcoin". But still many of us don't know what is Bitcoin actually. This post will help you to understand concept, ideology, importance, feature, future and value of Bitcoin.
In simple word Bitcoin is just a digital token which can be divided into 100000000 parts and these individual parts can be identified individually and known as "Satoshi".
Bitcoin is made up with combination of two high end quantum physics technologies first one is blockchain and second one is cryptography. Bitcoin is based on purely POW(Proof of Work) concept which is done by miners by contributing hash power to give security to entire network of Bitcoin. Miners get rewarded for contribution to verify transactions and store it within block.
Bitcoin have its own decentralized network, no one control it. Also it has predefined how much Bitcoins will be generated and in what steps.
Now according to whitepapers of Bitcoin, Bitcoin is more than just money. Because we can put anything within blockchain to offer more security and transparency to business.
Bitcoin really have introduced innovative and revolutionary way to trade globally. Also have disrupted payment system.
                             
             
                            
                                Tags : 
                                bitcoin, blockchain, cryptography