What is Bitcoin? Bitcoin is a digital currency(Cryptocurrency) which is traded on applications based virtual exchanges throughout the world. Bitcoin is often quoted in dollar terms but is widely traded in local currencies of the respective nation. Bitcoin just hit the record high of $11,000 which a lot of dollars. According to market watchers, one bitcoin costs about $700 but now it costs about $11,000. Bitcoin creation Bitcoins are created through a process called mining. There are many Bitcoin miners in the world, reportedly most of them located in Japan, China, US and Singapore. Bitcoin's Smaller Unit If you want to invest in Bitcoin then there is no obligation that you should buy a whole one unit of it. Bitcoin has a smaller unit called Satoshi, which is named after the anonymous inventor of cryptocurrency, Satoshi Nakamoto. One Satoshi is one-hundred-millionth of a Bitcoin. According to a price of $16,000, one Satoshi equals $0.00016. Ho...
Comments
Post a Comment