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Bitcoin – A new concept to learn

Posted on October 24, 2019November 5, 2019 by James Cooper

Bitcoin is a decentralized crypto currency that uses peer-to-peer technology to transact them. This digital currency is not printed like normal currencies and is created and managed by advanced techniques called cryptography. Bitcoin is one of the virtual money that was created in 2009 by a group of anonymous. This electronic currency is not regulated by any central authority and therefore, no one has control over it. Because of this feature, one does not need to worry about devaluation of bitcoin price and it also does not depend on the value of money in a geo location.

You will be able to know all bitcoin news when you follow a reliable website from many out there. Bitcoin miners are persons who create them digitally and the process of producing them are called as mining. There are only a limited number of bitcoins in the world because of this its price has been increasing over the past decade. The last one is expected to be mined in 2140 and after that there will be no bit coins.

bitcoin

Unlike fiat money which is relied on government, the value of this cryptocurrency totally depends on investors and what they are willing to pay on that particular time. No one can ever stop this digital money, even the government since it is not regulated by the central authority and if they are thinking to restrict its usage, it cannot be done. One cannot totally abolish this money, they may think that this digital cash is stopped but it is not possible.

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