BITCOIN:
Bitcoin is a digital asset invented by Satoshi Nakamoto designed to work in peer-to-peer transactions as a currency. ... However, as of 2015 bitcoin functions more as a payment processor than as a currency. It was initially released on jan 9,2009 but ledge start from 3,january .it is developed on c++ language
How to get a bitcoin?
Through bitcoin is accessed only under online but we have to initially open a bitcoin wallet,then we have to link our bank account with it.Finally we have to buy a bitcoin by transfering money from wallet
This the link we have to open a wallet and buy bitcoin
Need for bitcoin?
By this 21st century everything is gone in fast upgrading by the year of 2016 maximum no of countries are digitalised in all major sectors .In finance sector bitcoin plays a major role on cashless transaction.This made huge amount of transaction by without using cash.
How the price of the bit coin is determined?
The price of Bitcoin is not the same as its value.Price is determined by the market in which it trades: by means of supply and demand. This is the same way the price of your secondhand car, a bag of apples in the supermarket, an ounce of gold and just about everything else is determined.
for eg:We have 0.005 BTC and the exchange rate is 200 USD/BTC . You can also turn the equation around to calculate any of the other terms: To calculate the exchange rate, you take the amount of USD you paid, and divide by the amount ofbitcoins you received.
Today's Rate of bitcoin on major currencies:
The price of 1 bitcoin in Us dollar is=6551.01
The price of 1 bitcoin in Euro is=5708.84
The price of 1 bitcoin in Ruble is=4,31,991.94
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