What is Bitcoin?
Bitcoin is a digital currency called cryptocurrency. Bitcoin is the currency of cryptocurrency with the highest value. Bitcoin has no physical form like any other currency. Bitcoin can also be a currency for online transactions or exchange them for real money.
History of Bitcoin
Bitcoin appeared in 2009 By a Japanese man named Satoshi Nakamoto. According to some sources that the man from Japan has actually been doing research since 2007 but only introduced in 2009.
Bitcoin uses P2P technology without central authority. All functions such as bitcoin issuance, transaction processing and verification are carried out collectively by the network, with no central supervisor or agency to oversee operations. Bitcoin can be stored on a personal computer in a wallet file format or saved by a third party wallet provider. And apart from that bitcoin can be sent via the internet to anyone who has a bitcoin address.
How To Make a Transaction With Bitcoin
How to make a transaction with bitcoin is very easy. All you need is a Bitcoin Wallet. Make your bitcoin wallet in Blockchain, Coinbase, or Xapo. Bitcoin transfer is similar to the transfer using i-banking. Only in bitcoin has its own address. Bitcoin Address is also difficult to be memorized so should be noted only.
How to Find Bitcoin
There are many ways to get bitcoin by purchasing it, faucet, cloud mining and mining with machine. Explanation of faucet, cloud mining and mining with machine.
Faucet is a website / web that gives bitcoin for free its usual just by typing captcha. But the income from the faucet is very little and also tired. Cloud Mining is a solution or way of mining bitcoin by purchasing its usual mining speed of GHS. While Mining with a machine is mined bitcoin with its own engine usually bought his machine first and serial engine has its own mining speed. If mining with machine we also have to pay for electricity and need internet connection. Now there are also games that pay the player with bitcoin example Android game, Coin Flapper.
Value and units of Bitcoin
BTC = Bitcoin
mBTC = milli bitcoin
μBTC = micro bitcoin
1 BTC = 100.000.000.000 Satoshi
1 BTC = 1000 mBTC (milli Bitcoin)
1 mBTC = 100.000 Satoshi
1 μBTC = 100 Satoshi
1 mBTC = 0.001 BTC
1 Satoshi = 0.00000001 BTC
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