What is Bitcoin?
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| Bitcoin |
1 Bitcoin is equal to 8,43,931.82 INR Now you will say so much value? After all, what is Bitcoin? What is this thing that holds so much value and what is its future? You will get the answer to all the questions in this post in detail, so read it carefully.
Friends, you are knowing very well that the world has become digital and new things are coming every day, in such a situation it is important for you that what is going to happen to your currency or the world's currency in the coming time?
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Bitcoin(Cryptocurrency)
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| Bitcoin |
Bitcoin is a cryptocurrency, which lives in a digital form, the transaction of this currency is done through the blockchain, like the currency of your country is Rupee and the currency of the USA is USD, in the same way, what is the name of the global digital currency Bitcoin.
The invention of Bitcoin in 2008 was done by an unknown person or rather G Group, he named himself Satoshi Nakamura.
You must be thinking that the Money you are keeping in your bank is also in digital form because you can transfer from one account to another account from mobile Online, then it has also become digital currency but money kept in your bank. And there is a difference in Bitcoin, that is the managing system.
Whether the money kept in your bank is of your country or USD kept in the bank of USA, all of them are controlled by the central banking system, meaning that all these currencies are controlled by the head of a country, meaning the banking head, while bitcoin is a decentralized system. It is a currency based on which no one system will control because it works based on blockchain technology.
Now you must be thinking that when it is a currency, then every person should also have an account so that whoever has this currency, will keep it in the same account as he keeps his money in his bank account, in the same way, will he keep this bitcoin?
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How to Create a Bitcoin Account?
Bitcoin account like this, if you want to know that bitcoin address Kaise banaye, then I will also give this information but before that, you should know what is this bitcoin address?
See, as you go to your Bank and open a bank account, then you are given an account number, that account number can be above 10 digits and some number is given with it in such a way that the IFSC code is given so that the same number as the bank The account number says that money will also be deposited in it and money will also be transacted from it.
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In the same way, in the world of cryptocurrency like bitcoin, there is also an address, and bitcoin is stored in the same address and transactions take place from that.
In such a situation, now you must be thinking that first of all, it is necessary to create this address so that whenever you do a transaction, you will send it to this address, so today I will tell you a way how to create a bitcoin address.
If you are in India then you should open the zebpay website or App.
After that register with your mobile number
After that verify and kyc all the way
When kyc is complete then in the zebpya app you have to go to the bitcoin section
When going to the bitcoin bitcoins section you will see the bitcoin address
You must be thinking that why zebpay after all, the answer is that you are living in India, then it may be that you want to buy or sell some bitcoin and if you want to buy then already you have INR means Indian Rupees. After all, there should be some marketplace in your bank account from where it can be bought or if you already have bitcoin in an address, then transfer it to your new address and then sell it on zebpay and sell the same money in your bank account. Can transfer in INR.
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What is the Future of Bitcoin?
The matter of other countries is different, but if you talk about your India, then it was banned first, after that then the ban has been removed, now means while writing this post (4 August 2020) it is not wrong to do bitcoin transaction in your country.
But if you have heard about the Twitter bitcoin scam a few days ago, in which an address was given on the Twitter account of big business owners like bill gates Elon musk etc where bitcoin was accepted and there is a possibility of some illegal transaction also because it becomes very difficult to track
But if we talk about India, then whatever platform will be used for bitcoin to rupees and rupees to bitcoin and the address that will be created from that platform, it is necessary to have full KYC so that it can be tracked.
But the question is that when there will be no transaction in rupees later, then there will be a lot of illegal activity, so no government would like to lose its control in such a situation.
That's why trading bitcoin and bitcoin can be a bit risky, so if you follow my personal advice, then you should buy bitcoin and bitcoin with the same money, even if you lose the money, then you will not have any problem, invest as much money in it.
Well, there are many things about which I will write in the next post, but I will write this only when you ask me to write further things by commenting in the comment section below.
By the way, what is bitcoin and what is its future, I have told you that you must have liked it.
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