Showing posts with label Bit coins basic details. Show all posts
Showing posts with label Bit coins basic details. Show all posts

Friday, 22 December 2017

Bit coins basic details

BITCOINS
https://youtu.be/21dR8L-hY60
Bitcoin is the cryptocoin currency ever invented.bitcoins is a basically a virtual currency which is developed by SATOSI NAKAMOTO in 2009.
Advantages of bitcoin is that it can be stored on a person's local hardware,this process is called cold storage and it protects the currency from being taken by others.
when the currency is stored on the internet then our currency is in high risk of it being stolen.


HOW BITCOINS ARE WORK

Bitcoins are completely virtual coins which is designed to be self-contained for their value,because they no need for banks to move and store the money.Once you own bitcoins, they behave like