What’s Bitcoin? Let Us Get All the Details

Bitcoin is the first decentralized digital cryptocurrency and considered to be the revolution in the present currency and financial markets. BTC was started in the year 2009 by the mysterious programmer under pseudonym “Satoshi Nakomoto”. The digital currency today is gaining vast popularity all over the world and mass adoption. Since popularity of BTC or other cryptocurrencies are improving, so is eagerness of the people to know a little more about this. In this article we will check out 1 btc to inr conversion.

Initially, Bitcoin faced huge criticism from every part of this world and was also considered the scam because of many negative factors. Primarily, many scam companies were promising vast returns for the rookie investors, and also used the fake photos of the celebrities in promos. These practices, combined by using BTC in a brand name were the negative factors.” However, with time when the professionals from different sectors began understanding Bitcoins and underlying technology behind this, Blockchain, they got to know the real power of the digital currencies and began to look this in the positive way.

BTC transactions

Private and Anonymous

BTC transactions are totally anonymous and private. Not like in the payments through bank, where transactions will be identified and tracked, BTC transactions will not be identified.  Person will know addresses of a bitcoin wallet in which payment is sent and received. However, to whom the addresses belong, will not be identified. It is the like payment to particular bank account will be tracked however, to whom the accounts belong will not be known.

Freedom from Payment

Paying via bitcoins offer utmost freedom and Bitcoin will be transferred in any area of this world. There are no intermediaries and no bank holidays and strikes and no boundaries and borders and no payment limit.