What is Bitcoin

Bitcion is an online digital coins 
used by worldwide with one 
sample currency termed as first 
Digital Currency. Read 1.6 Mins.

Do you ever heard the Word "BITCOIN"? Hope some may heard or may not.

      Today in this post you are going to learn the real meaning of Bitcion and its uses.

Meaning of Bitcion

                    Bitcion is an Cryptocurrency (Known as Digital Assets) and Digital Payment System used by worldwide, as been termed as first Decentralized Digital Currency.

Brief History of Bitcoin

                    Bitcoin was released as an open Sources software in 2009, that was invented by unknown groups of programmers, under the name "Satoshi Nakamoto".

         

What is the use of Bitcions?

                  Bitcions here comes the first global decentralized Currency in which a large numbers of Merchant are ready to Buy, Exchange, and except it as an real payment.

                 Bitcions is an anonymous payment in which you can exchange online currency bitcions into real currency (Like Dollar or any Rupee).

                 Bitcions are not control or own by any country or do not have any rules and regulations applied to it.

                 Bitcion served as international or global payment anonymous,  without providing your any identification ID or will have to create for it.

How Bitcion Works

                 As we now came to know Bitcion is an digital currency fully an open source coins.

              Firstly the users have to Create an online wallet in Block Chain ( It serve as Online bank to deposit, withdraw or transfers). 

             BlockChain is a kind of virtual Bank Account in which it allows its users to deposit, Withdraw, Exchange, Buy or transfers without paying any transaction fee. But paying a transactions fee is optional.

            There are also various alternative to Block Chain wallet has been Developed Where as like Coinbase Wallet, Bitpay Wallet etc, in it a huge numbers of Merchant has been stared accepting bitcions from there services.

 For Example: Suppose when a customers have there Account in Coinbase Wallet or In Bitpay. And then the customer has to pay sums of coins to sellers as on behalf of bitcions, then the bitcions are converted into Local currency and are send as real money to the seller account with charging some fee.

Go to Link