What is bitcoins

Have you ever wondered what are bitcoins? Why is everyone discussing about it? Have you ever wondered what is the price of one bitcoin in India? What is the price of 1 bitcoin in usa. Have you ever wondered how many Indian Rupees are there in one bitcoin? Today you will get the answer to all these questions in this one article. So take some time out and read this entire article.

History of Bitcoin.

Bitcoin started on January 3, 2009. It is the world’s first fully open payment system. Do you know that there are more than 10 million bitcoins in the world? For your information, let me tell you that bitcoin is a virtual currency. Virtual currency means it does not have any physical form like other currency. Bitcoin is a virtual digital currency.

Bitcoin is a currency that you can neither see nor touch. Bitcoin can only be stored electronically in a bitcoin wallet. If a person has bitcoins, then he can buy any item, substance using this currency with common currency. How popular bitcoin is becoming in today’s time is not hidden from anyone. This bitcoin was invented in 2008 by an engineer named Satoshi Nakamoto. And this was released as open source software in 2009.

Who is Satoshi Nakamoto?

Satoshi Nakamoto who created bitcoin in 2008 and 2009. Where did that person disappear to? Yes Satoshi Nakamoto is an anonymous. About whom no one knows. You will be surprised to know that till date the world has not even come to know whether the creator of bitcoin is Satoshi Nakamoto or someone else.

The inventor of bitcoin is called Satoshi Nakamoto because bitcoin.org reflects the name Satoshi Nakamoto. Because of all these reasons, Satoshi Nakamoto is known as the inventor of bitcoin.

The name Satoshi Nakamoto is a huge mystery. So let’s try to know this secret today. Whenever you search on Google that “Who is Satoshi Nakamoto” or “Satoshi Nakamoto Image” then you will be shown the image of this person who is not Satoshi Nakamoto at all but this person’s name is Dorain Nakamoto. Dorain Nakamoto is a Japanese American.

Who was recognized as Satoshi Nakamoto in 2014. And made him the inventor of bitcoin. But the truth is that it is not really Satoshi Nakamoto. And they have categorically denied that I am not the founder of bitcoin. But on the other hand many people say that I am Satoshi Nakamoto and do all this just to become famous. Like Dr. Craig Wright has clearly said that he can prove that he is Satoshi Nakamoto.

This is from 2008 when Satoshi Nakamoto published a 9-page white paper in which bitcoin was mentioned for the first time. Which was named Peer to Peer Electronic Cash System. Let us tell you that in 2008, bitcoin was an idea that existed only on paper. But 2009 Satoshi Nakamoto tried to convert this idea into a concept.

Satoshi Nakamoto created the first cryptocurrency software in 2009. Nakamoto was very active in the early days, sending emails to many people and working with other programmers. So that the programming of bitcoin is even better. And in 2011 the real mystery began. When Satoshi Nakamoto suddenly disappeared. Without telling anyone, no emails and no letters suddenly disappeared.

None of the developers and collaborators of the bitcoin founder had any information about Nakamoto’s disappearance. And the surprising thing is that no one had a physical meeting with him, that’s why no one remembers his face. It is estimated that Satoshi Nakamoto has one million bitcoins.

What is Bitcoin?

Bitcoin is a virtual currency ie a virtual currency. Virtual currency means that it does not have any physical form like other currency. Bitcoin is a virtual digital currency. Bitcoin is a currency that you can neither see nor touch. Bitcoin can only be stored electronically in a bitcoin wallet.

Or in other words, bitcoin is a decentralized digital currency. Which can be transferred over the peer to peer bitcoin network. Decentralized currency means that this bitcoin is not tied to any country or currency. It is not the currency of any country. Bitcoin is a special currency built on blockchain technology. Bitcoin transactions are established by network nodes through cryptography. And is recorded in a public distributed ledger, which we know as blockchain.

What is blockchain?

Blockchain: Simply put, blockchain is a digital ledger. Whatever transactions happen on the blockchain, they are visible on every computer connected to this chain. That’s why where does the backbone of this cryptocurrency go.

You know about database, if you know then understand that blockchain is like a database. It collects information through many groups or categories. We call these groups blocks and these blocks are connected to many blocks, which in a way form a chain of data. That is why we call it block chain or know it by the name of blockchain.

One Bitcoin Price

In 2010, the price of one bitcoin used to be around $0.06 i.e. RS 2.85. But in today’s time, in 2022, the price of the same bitcoin has become 16 lakh 4 thousand 8 hundred. No one even mistakenly thought that bitcoin would grow so much in just 12 years. Whoever bought some bitcoins in 2010 is a millionaire today. 1 Bitcoin = Rs 1604800

What are Bitcoin Wallets?

For your information, let me tell you that bitcoin can only be stored electronically. And to store it electronically, we need a bitcoin wallet. There are many types of bitcoin wallets like I will mention some types of bitcoin wallets: mobile wallets, desktop wallets, hardware wallets and many more types of wallets.

In all these, we have to create an account using the wallet. After creating the wallet, you are given a unique ID. As I understand from an example: Suppose you have earned or bought one bitcoin from somewhere and you want to add this one bitcoin to your account, then you will have to use the same unique ID to add this one bitcoin to your account. Will need it

You all must know about UPI ID. A similar ID is given after creating a bitcoin wallet. Just like we can add money to our account with the help of UPI ID, similarly we can add bitcoin to our account with the unique ID given by bitcoin wallet. Read about them too.

How to Earn Bitcoin

There are many legal ways to buy and earn bitcoin. Like I share some method with you.

If you are very rich man, you have no shortage of money then you can buy 1 bitcoin, 2 bitcoin and store it in your bitcoin wallet. If you feel that the price of bitcoin has increased, then you can earn a lot of money by selling it.

If you do not have enough money to buy one bitcoin at a time, then you can store it in your bitcoin wallet by buying 1 Satoshi, 2 Satoshi or 10 Satoshi. Now a question must be running in your mind that what is this Satoshi? So let’s know which bird’s name is Satoshi.

What are satoshis?

See ! Just as there are 100 paise in 1 rupee, similarly there are 100 million Satoshi in 1 bitcoin. I think you must have understood what Satoshi is the name of. Satoshi Nakamoto is the name of the inventor of bitcoin.

If you are selling any goods to someone and the buyer also has bitcoins, then instead of taking payment in rupees from him, take payment in bitcoins. By which your salmon will also be sold and bitcoin will also be available. And all these bitcoins will be stored in your bitcoin wallet. When you hear that the price of bitcoin has increased or is about to increase, then you can earn profit in lakhs and crores by selling that bitcoin.

How and Where to Buy Bitcoin

Although there are many ways to buy bitcoins, but I will tell you about some such easy websites, from where anyone can buy bitcoins very easily.

  1. Wazirx
  2. Unocoin
  3. Zebpay

But the easiest way is to buy bitcoin from Wazirx. So let’s know what is Wazirx (wazirx kya hai) In today’s time, if there is any most trusted cryptocurrency exchange in India then it is Wazirx. In today’s time, Wazirx is mostly used by Indians to buy bitcoins. The reason why people like it so much is its features and services. This is the reason that people’s hearts were captured in a very short time.

Why is Bitcoin Used?

Bitcoin is used for online payment. When a person makes payment in bitcoin, then those transactions are also verified. Those who verify these transactions are called miners, those miners have high performance computers and GPUs. And through this transactions are verified. Transactions are verified so that it can be ascertained whether the bitcoin you have paid has reached the bitcoin wallet of the other person safely or not.

What is the cost of 1 bitcoin in the US? (Bitcoin Price in US)

The price of bitcoin is not always stable, its price sometimes decreases and sometimes increases. The graph of bitcoin is always up and down. That’s why I am telling the price of 1 bitcoin now, it may not be the same price tomorrow. Either the price will increase or the price will decrease. 1 Bitcoin = 18,432.30 USD.


What was Bitcoin Worth in 2009

In 2009, the cost of 1 bitcoin was $0.09, which is 7.02 paise in Indian rupees.

Bitcoin is legal in India?

Yes. Bitcoin is legal in India. You can also buy it in India and use it for your purposes.

Who Owns Bitcoin?

The name of the owner of bitcoin is Satoshi Nakamoto.

Bitcoin is the Currency of Which Country

Bitcoin is not the currency of any country, but it is a digital currency that can be used by anyone from anywhere.

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