Currency
Of The Future - Why Is Bitcoin So Popular
Do you anything about bitcoin and thinks why is Bitcoin so
popular and what is Bitcoin mining? Here are the answers to satisfy all your
curiosity. Bitcoin is electronically managed and controlled digital currency. This
sounds interesting and strange but let me you it is absolutely true.
Of The Future - Why Is Bitcoin So Popular
Do you anything about bitcoin and thinks why is Bitcoin so
popular and what is Bitcoin mining? Here are the answers to satisfy all your
curiosity. Bitcoin is electronically managed and controlled digital currency. This
sounds interesting and strange but let me you it is absolutely true.
Bitcoin
is not printed hence no one controls or regulates it, it is tax-free, border
less and transparent currency. Bitcoin currency can be sent anywhere in the
world without third party dependency. Bitcoin currency is produced by using
highly complex algorithms. These algorithms are known as mining bitcoin, it is
a very revolutionary currency form which have created financial revolution in
the form of cryptocurrency.
is not printed hence no one controls or regulates it, it is tax-free, border
less and transparent currency. Bitcoin currency can be sent anywhere in the
world without third party dependency. Bitcoin currency is produced by using
highly complex algorithms. These algorithms are known as mining bitcoin, it is
a very revolutionary currency form which have created financial revolution in
the form of cryptocurrency.
It
became so popular because of the following characteristics…..
became so popular because of the following characteristics…..
1.It’s
fast
fast
2.It
has large applications
has large applications
3.No
transaction fees on it
transaction fees on it
4.Risk
free currency.
free currency.
5.Borderless
and globally accepted
and globally accepted
6.Deflationary
nature.
nature.
7.Decentralized
8.Bitcoin
currency is a liability of no one.
currency is a liability of no one.
The reason behind its popularity is, it gives the owner the feeling of freedom from
taxation, devaluation, confiscation and theft. It is based on latest technology
known as the blockchain. According to Satoshi Nakamoto, It is a p2p mode or version
of transaction of money, people can transfer their payments without depending
on third party.
taxation, devaluation, confiscation and theft. It is based on latest technology
known as the blockchain. According to Satoshi Nakamoto, It is a p2p mode or version
of transaction of money, people can transfer their payments without depending
on third party.
The
value of bitcoin is increasing tremendously daily. Click here to find out more as to why Bitcoin is so popular and join the millions of
bitcoin owners today, don’t get left behind.
value of bitcoin is increasing tremendously daily. Click here to find out more as to why Bitcoin is so popular and join the millions of
bitcoin owners today, don’t get left behind.
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