BITCOIN: The Digital Currency of The Future
INTODUCTION
Bitcoin is a word we hear atmost every day now. Some people call it. “ digital gold .” other call it “ the future of money . bitcoin is the first decentralized cryptocurrency based on a free market idology
WHAT IS BITCOIN ?
Bitcoin is a type of money you can use in a internat . unlike dollar , rupees etc. Bitcoin is not a printed by any government of country .it is inverted in 2008 but use of bitcoin as a currency began in 2009 Bitcoin was created ta a solve a money problem making payment without bank as middleman . normally person , when send the money to some one person , so after person goes through a bank but bitcoin , you can send money directly to any person in anytime and anywhere faster speed
WHY DO PEOPLE LIKE BITCOIN
1- FREEDOM- You can send the bitcoin and receive the bitcoin in anytime and anywhere in easily in the world
2- LIMITED SUPPLY- There will only ever be 21 million bitcoin . this is a different from regular money . where government can print more coin when ever they want
3- SECURITY- Bitcoin transaction are every hard to fake or hack because of blockchain technology
4- PRIVICY- Bitcoin don’t have to share personal detail like your name or address
HOW TO GET BITCOIN ?
1- BUYING- Bitcoin can buy using regular money through as online exchange ( like coinbase, finance , or kraken)
2- EARNING- Some people earn bitcoin by selling . good or services and accepting bitcoin as payment
IS BITCOIN SAFE ?
Bitcoin itself is very secure thank to blockchain . However people can still their bitcoin if they are not careful
• LOSING YOUR PRIVATE KEYS- To access your bitcoin you need a special password called your lose your bitcoin forever
• SCAMS- some fake websites and scammer promise to double your bitcoin or offer “to good to be true” deals always be careful
WHAT CAN YOU BUY WITH BITCOIN
Today , you can buy many things with bitcoin . some online store, travel agencies restaurant, and even real estate campanies accepts bitcoin . you also use it to donate to charities or pay freelancers however, bitcoin is still not accepted everywhere and because its price can change quickly
THE FUTURE OF BITCOIN
Bitcoin is still young just over, decade old many people belive it will become even more important in the future . some say money bitcoin could become the main form of money online in future . other think many country government will create their own digital currencies inspired by bitcoin
There are also challenges , bitcoin price can rise and fall sharphly government are still figuring our how to regulate it.
