New revolution in the world of finance
There is a lot of discussion of bitcoin all over the world at this time, along with increasing the dominance of this currency, well-known companies are also moving towards adopting it. Will accept bitcoin currency as payment for vehicles, Uber company to adopt bitcoin soon.
what is bitcoin:
Bitcoin is a virtual currency, it is also called crypto currency. That's why it is also called crypto currency, due to its increasing popularity, it is also called the currency of the future. FOR AMAZING NEW PRODUCT PLZ CLICK HERE ROOM DECOR LAMP
MODE OF TRANSACTION
Cryptocurrency consists of a network of computers that conducts transactions with cryptography technology, in which neither the identity of the payer nor the identity of the payer is revealed. Like Dark Coin, Light Cli, Binus Coin etc., but the most popular currency is bitcoin itself.
A mining exchange is a bitcoin transaction that requires the consumer to send a message for payment via digital methods involving a private key. It is verified through networks spread across the world. Therefore it is a virtual currency, it is not supported by any central bank in India, so it is exchanged privately, it is generated through a process like mining, it requires a special type of software along with it. High-tech processors and specialized software are required along with a limited power supply, so it is very difficult to use in India, and one issue that is worth noting is the way bitcoin prices fluctuate. The ups and downs are whether it is able to function as a currency.
IS BIT COIN SAFE
Bitcoin (crypto currency) has a lot of volatility, so it is risky, let's say about a fluctuation that once the price of a bitcoin rose to $42000 then fell to $30,000 then rising again $40000 within a week, for bitcoin you have an app through which you do transactions
Click on this blog Search of BITCOINto read how a man living in London lost millions of dollars worth of bitcoins Lost or forgotten bitcoin is not controlled by any government, state or bank, it can neither be confiscated by the government of any country, nor can it ban its transactions, who owns the currency, pays whom to whom. It is absolutely impossible to trace it, its payment can be seen only by the person who has paid the currency and the one who has taken the payment of the currency because the identity of the transactor is in the form of a digital password, so this currency can be used in any name. or address is not required
You can buy bitcoin freely but selling it completely depends on the buyers and crypto exchange if your currency is stolen by a hacker then it will never get back to you because not even the exchange It seems that you were the owner of the currency that has been looted and even an exchange will not know about the name and address of the person who has looted your currency, the biggest danger is also its price.
There is no authenticity of when it is increasing, why it is increasing and when it will decrease.
CRYPTO CURRENCY IN INDIA
The Government of India has not yet recognized bitcoin in its economy, the Reserve Bank of India had also issued an alert regarding the use of this currency in the year 2017, RBI said that there is no one yet to use this currency. Official permission not given because its transaction is fraught with danger It will be impossible to identify those who trade in arms, drugs, now if the government of a country uses this currency as its traditional currency, then it will be impossible to implement the tax system because the economic power will go in the hands of computers Digital in India In the Currency Bill 2019, a proposal was passed that there should be a provision of 10 years in jail for those who trade in crypto currency, but now the Supreme Court has banned it. Seeing the increasing interest of people, the governments of many countries have come under tension, in the Sydney Dialogue, PM Narendra Modi has expressed concern over this. Modi said that the governments around the world should work together on this issue because if it is wrong If you go to the network, then the life of the youth CRYPTOCURRENCY
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