Wednesday, March 16, 2016

What is Bitcoin ?

 What is Bitcoin?

Bitcoin is a virtual or digital currency also known as a cryptocurrency created by the currency also known as a cryptocurrency created by the mysterious (and unknown) Satoshi Nakamoto. Bitcoin is like other currencies: it can be used to purchase items locally and electronically. However, bitcoin differs from conventional money in that it is decentralized and fully independent. No institution controls the Bitcoin Network and it is not tied to a country like the US Dollar. The entire network is maintained by individuals and organizations referred to as Bitcoin Miners. Bitcoin miners process and verify bitcoin transactions through a mathematical algorithm based on the cryptographic (hence the name cryptocurrency) hash algorithm SHA256.

 

Getting started with Bitcoin

Using Bitcoin to pay and get paid is easy and accessible to everyone.
How to use Bitcoin

1. Inform yourself

Bitcoin is different than what you know and use every day. Before you start using Bitcoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls.

2. Choose your wallet

You can bring a Bitcoin wallet in your everyday life with your mobile or you can have a wallet only for online payments on your computer. In any case, choosing your wallet can be done in a minute.
Start Make money from Free Faucets
First of All  Enter Bitcoin Address in Bitcoin Address bar and see Captcha  and enter under captcha in blank bar space  and click  claim now button  for free bitcoin/satoshi 

No comments:

Post a Comment

Increase Website Traffic Propellerads AdvtPacks.com