What is Bitcoin

What is Bitcoin?     

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures.

Why Bitcoins?

Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.

Acquiring Bitcoins

Buy on an Exchange
Several marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Mt. Gox is the largest bitcoin exchange.

Transfers
People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.

Mining
People compete to “mine” bitcoins using computers to solve complex math puzzles. This is how bitcoins are created. Currently, a winner is rewarded with 25 bitcoins roughly every 10 minutes.

Owning Bitcoins

Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money. Unlike bank accounts, bitcoin wallets are not insured by the FDIC.

Wallet in cloud: Servers have been hacked. Companies have fled with clients’ Bitcoins.

Wallet on computer: You can accidentally delete them. Viruses could destroy them.

Anonymity

Though each bitcoin transaction is recorded in a public log, names of buyers and sellers are never revealed – only their wallet IDs. While that keeps bitcoin users’ transactions private, it also lets them buy or sell anything without easily tracing it back to them. That’s why it has become the currency of choice for people online buying drugs or other illicit activities.

Future in question

No one knows what will become of bitcoin. It is mostly unregulated, but that could change. Governments are concerned about taxation and their lack of control over the currency.

क्या है डिजिटल मुद्रा

इसके कई नाम हैं जिनमें से एक डिजिटल करेंसी (Digital Currency) भी है। ये बाकी नोट जो हम अपने पास रखते हैं उनकी तरह नहीं होता, ये बस हमे हमारे कंप्यूटर पर दिखाई देता है। इसीलिए इसे हम वर्चुअल करेंसी(Virtual Currency) भी कह सकते हैं। ये 2009 में लॉन्च हुई थी। इसके इस्तेमाल के लिए क्रिप्टोग्राफी (Cryptography) का इस्तेमाल करते हैं अतः इसे हम क्रिप्टो करेंसी (Crypto Currency) के नाम से भी बुला सकते हैं।

इसे आप अपने किसी दोस्त या रिश्तेदार को दुनिया के किसी भी कोने रह कर भी बड़ी ही आसानी से भेज सकते हैं।

क्या है बिट कॉइन

बिट कॉइन को सतोषी नाकामोटो(Satoshi Nakamoto) ने 2009 में इजात (Aavishkar) किया था। जैसा की मैंने पहले भी बताया, बिट कॉइन एक आभासी यानी Virtual Currency है। 

     इसे आप केवल ऑनलाइन खरीददारी में ही इस्तेमाल कर सकते हैं। इसे जमा करने के लिए आपको बिट कॉइन वॉलेट की आवश्यकता होगी। आज (2017)  के समय में अगर हम देखें तो 1 बिट कॉइन की कीमत ₹62591.0920 के आसपास है। इसे आप कभी भी किसी भी प्रकार की करेंसी में  बदल सकते हैं। जैसे की रूपया,डॉलर,पाउंड, आदि।

बिट कॉइन को माइनिंग (Mining) द्वारा कमाया जाता है और इसे स्टोर करने के लिये बिटकॉइन वॉलेट (Bitcoin Wallet) की आवश्यकता होती है।