On 18 August 2008, the domain name bitcoin.org was registered. In November that year, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System. But when a Ransomeware cyberattack was spread the world from that movement, people to start know about the Bitcoin. Because the attacker was put demand that Bitcoin. This Bitcoin was created by Satoshi Nakamoto. Nobody doesn’t know who is this ? Some people says he is a programmer in Japan. Others say this is a group of people.
What is Bitcoin ?
Bitcoin is a digital device. Also know as cryptocurrency. Bitcoins can be traded for goods or services with vendors who accepted Bitcoins as payment. That is physically we can’t touch this, when it is in digital mode. But we change it in ILR and we can touch.
It is a world-wide payment and also decentralised digital currency. But this money value would be change.This price is equal to all countries.That is not backed by any country’s central bank or government. We can change this Bitcoins to whichever country’ s money, products and services.
The most widely used Bitcoin exchanges in India are zebpay and unocoin.
1 Bitcoin=711861.40 in Indian Rupee
How to Earn Bitcoin?
There is in two way to create an Bicoin
- ILR to bitcoin
Bitcoins are created as a reward for a process know as Mining. We use an algorithm for create a Bitcoin, the algorithm is SHA256. After made a that an blockchain was creating.
It requires collusion of the network majority. Blockchains are secure by design and are an example of a distributed computing system with high Byzantine. Who is first solve that blockchain, then the person will receiving an Bitcoin.
Bitcoin is a digital asset designed by its inventor, Satoshi Nakamoto, to work as a currency. It is commonly referred to with terms like digital currency, cash, virtual currency, electronic currency and cryptocurrency. Satoshi Nakamoto was designed the Bitcoin to circulation only two crore ten lakhs.
These of bitcoin by criminals has attracted the attention of financial regulators, legislative bodies, law enforcement, and the media. The FBI prepared an intelligence assessment, SEC has issued a pointed warning about investment schemes using virtual currencies, the US Senate held a hearing on virtual currencies in November 2013.
Several news outlets have asserted that the popularity of bitcoins hinges on the ability to use them to purchase illegal goods.
It’s probably safe to assume that Bitcoin is here to stay. Yes, it’s a bit volatile and yes, other cryptocurrencies are a lot easier to mine and a lot cheaper to buy, but the ever-growing number of way to send bitcoins – plus the fact that it’s still around after being proclaimed dead numerous times over the past few years – is a testimony of the resilience of the world’s most popular, and polarizing, cryptocurrency.
Thing is though, this doesn’t mean that you should blindly jump into Bitcoin. Aside from the high price of entry, a string of events over the past year have shown that while the Bitcoin protocol itself may be secure, the wallets and services used to store and exchange Bitcoin may not.
Here’s a quick look into the security of the bitcoin protocol itself as well as some notable instances of large-scale bitcoin theft.