Introduction to the arrival of btc today
Bitcoin is a digital currency invented in 2009 to eliminate the need of third party i.e. Bank in online money transactions. It involves peer to peer network establishment. It has no owner. It is not under any authoritative control. btc uses cryptography and block chain technology. Bitcoin wallet has two keys- public key and private key.
How To Get Bitcoin In Your Account?
To invest in Bitcoin you first need to make bitcoin wallet. Bitcoin wallet has a unique address just like an account number affiliated to your bank account. Then connect bitcoin wallet to your bank account to exchange bitcoin for traditional currencies, join bitcoin exchanges. You can buy and sell bitcoins by using bitcoin address.
How Bitcoin Works?
Bitcoin uses cryptography and block chain technology. Bitcoin wallet has two keys- public key and private key. As soon as a transaction is initiated, digital signatures are generated. Nodes (Computers) verify those transactions using digital signatures. Just like documents are stored in files, Bitcoins transactions are stored in blocks. Transactions are stored in block chain. From the very first transaction to the recent transaction, all are stored in blocks. Every block has as certain storage capacity. Every block has a reference to its previous block. Therefore a chain of blocks get formed.
The modified way of exchanging currency is booming these days. After so many big surveys we get to know that Crypto currency can be next big trend in this world. People are showing so much interest in crypto currency and this wave of bit coin will never stop in present world .As this mode of currency consist of so many perks and benefits ,So it attracts people to come forward and invest in it.