Wednesday, 21 January 2015

What is Bitcoin ?

Bitcoin is a Cryptocurrency. Bitcoin uses peer-to-peer technology to operate with no central authority or banks. Managing transactions and the issuing of bitcoins is carried out collectively by the network. 

  • Its rate is much higher than a US Dollar. Once it used to be equal to $1000.
  • It can be used to make hassles online transactions.
  • It is very fast and reliable.
  • It wont charge any transaction cost for payments made across different countries too.

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