Thursday, January 16, 2014

What is Bitcoin & How to get Bitcoin?

What is Bitcoin?

Bitcoin is a Virtual currency and it’s a Peer-to-peer system, it’s an open source and no one control especially it was not controlled by any government, bank, and not regulated by any government agencies.
How it works
According to Bitcoin it is like email. You can transfer or receive digital money. Once receiver confirms the transaction it will be moved to public ledger.
How to get Bitcoin?
You have to create a bitcoin wallet; bitcoin wallet is a programme in which you can make transactions. Its free of cost you can create it for free of cost. Once you created your bitcoin wallet login you need to have bitcoin address, this is very important for receive payment. Once you got the address you have to open blockchain.info and mentioned your address. Now you can buy Bitcoin.

Bitcoin is penetrating into all developing nations as well, but governments and financial agencies are not in position to regulate or completely ban the Bitcoin. We have wait and see how governments will regulate bitcoin.
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