Planning To Invest In Bitcoins In India? Know All About The Digital Coin Here
NDTV
Cryptocurrency is an electronic transaction system that uses blockchain technology for exchanging tokens to buy goods and services
Cryptocurrencies are digital assets used to exchange value anywhere in the world, not in a physical form though. It is an electronic transaction system, that uses blockchain technology for exchanging tokens to buy goods and services. Just like the US dollar and Indian rupee, cryptocurrencies, too, have stored value of their own that makes them eligible to work like currencies digitally. Though there are many cryptocurrencies, many people trust Bitcoin the most when it comes to investing their money. It's the oldest, biggest, and most popular cryptocurrency in the world.
What Is Bitcoin?
Making its debut over a decade ago, Bitcoin has become the most accepted cryptocurrency in the digital currency world today. This popular cryptocurrency uses blockchain technology and has special electronic specifications of its own digitally. Each and every Bitcoin contains a piece of specific verified information that cannot be altered or rewritten. Bitcoin does not belong to any government and that makes it the best tool in terms of having complete transparency. It doesn't follow any geographical borders either. Bitcoin is just like the currencies we use in physical form; the only difference is the value it uses is digitally stored.
For the latest price of Bitcoin, click here.
