What is Bitcoin?
Bitcoin is a digital or crypto currency which was first introduced in 2009 by an anonymous person named Satoshi Nakamoto. Bitcoin is the first decentralized digital currency which means it is not regulated by any Central Bank or Government of any country. It runs on a decentralized network called blockchain technology where transactions are recorded on a public ledger. Bitcoin is the largest crypto currency in the world in terms of market value and price. Bitcoins are created using computing power to solve complex mathematical problems which are then verified and recorded into public ledger. This activity is called mining and miners are rewarded with transaction fees and newly created bitcoins.
Bitcoin can be traded for other digital currencies, products and services. It is the most popular digital currency in the world. Bitcoins are traded in the stock exchanges. Much like other traditional currencies, the value of bitcoin is also determined by the demand and supply method.
Each bitcoin (BTC) is divisible to the 8th decimal place, so each BTC can be split into 100,000,000 units. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi. A satoshi is a smallest unit of bitcoin. There are 100,000,000 in a BTC.
Earn bitcoins for free on the internet
There is a website named Freebitcoin which was launched in 2013, so the site has been running for more than a decade. There are many people on the internet who are looking for ways to earn bitcoin for free without investing any capital. There are plenty of platforms which offers bitcoin for free but freebitcoin stands out as a prominent player. It is one of the most popular platform among others as it offers a variety of options to earn and accumulate bitcoin and other rewards. Let's see what Freebitcoin has to offer it's users one by one:
No comments:
Post a Comment