What is Bitcoin? What is Bitcoin Mining? Safe to invest or not? Bitcoin..Bitcoin.. all around!!!
A buzz word heard from every second person. This coin is covering almost all news coverage. So what's so special with this coin? How it differs from normal currency/coin? Bitcoin is a kind of coin that doesn't make sound, in other way we can say it's a "Digital currency" or "Cryptocurrency". It is a virtual currency which we cannot see nor touch but can use as money for transactions and purchasing goods. Thus it is an Electronic currency that we can store in our Digital wallet, Cloud or computer. The term Cryptocurrency is used for it, because this coin can only be obtained by solving encrypted algorithms known as Mining. We will come upon mining in the later part of this blog. Now let's get back into 2009 when Bitcoin first came into existence. Many of us think the inventor of Bitcoin is Satoshi Nakamoto but the truth is, the creator of Bitcoin is Unknown. No one knows who created Bitcoin. The person or group of people that first did the ...
