What Is A Bitcoin?
Since 2009 the Bitcoin has been an alternative currency for individuals or businesses to use instead of more traditional ways of making transactions. It enables users to make and receive payments on a global scale, usually within just a few minutes. Bitcoins are a de-centralised, digital currency meaning no single institution controls them.
A Bitcoin transaction
All transactions made using Bitcoins are recorded within a giant public ledger which is referred to as the Blockchain. Bitcoins are sent in a transaction from one user to another via a Bitcoin address and a private key. It is also feasible to attach financial contracts to the Blockchain. Business owners using Bitcoins can then convert them into home currencies once payment has been received.
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In indian rupee
1 Bitcoin equals
292372.42 Indian Rupee
