Bitcoin is a crypto currency & a digital payment system which is invented by the someone or a group of persons that are named as Satoshi Nakamoto. It was opened for all in 2009.
How Bitcoin Works ?
The system is a peer to peer system in which transactions are placed between users without any obstacle of International borders or Government . The transactions of Bitcoin are verified by the Network nodes in a public distributed Blockchain. These Block chains also records these transactions.
The transaction system between the concerned users (i.e. Sender & receiver). The verification of these transaction are done by network nodes without any single administrative server.
Bitcoins are not just the rewards for mining , but it can be exchanged for other currencies. , products & services in legal & Black markets.
The Scope of Bitcoin
As recorded in February 2015, more than 10,0000 merchants & vendors started accepting bitcoin as payment. Accoring to the survey of Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
Etymology and orthography
The word bitcoin occurs in White Paper that defines bitcoin started in 2008. It is made up of two word i.e. Bit & Coin. The white paper signifies the shorter coin. There is no uniform standard for the bitcoin capitalization.
How to get Bitcoins in India – Bitcoin Buy
The price of BitCoins are increasing drastically & everyone is trying to purchase some of them for getting the profit.
Earlier bitcoins transactions are not as easy as now. Now they are so many Indian Companies that are allowing us to buy Bitcoins in India. If you want to buy some bitcoins in India , the we have plenty of options for the same.
Bitcoin Companies in India – Bitcoin Account
In terms of service , UniCoin is the best option fot buying Bitcoins in India. The payment can be done through NEFT, Netbanking or Payumoney on Unocoin. After registration You will also get Free Paytm Cash of Rs.10 after registration.
There are many other faetures in Unocoin i.e. Recharge, Top-ups, OTC, SBP, Auto Sell, Altcoin to Bitcoin, Netki.
Unocoin also has a Mobile App having amazing Features such as: