BITCOIN .IT IS THE EASIEST WAY TO EXCHANGE MONEY!!
INTRODUCTION
ON MOBILE:
It allows you to pay with a simple two step scan-and-pay. it has made the money transfer very easy and simple, No need to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app and let your friend scan your mobile, or touch the two phones together using NFC technology
CONTROL YOUR MONEY:
Bitcoin transactions are made highly secured and easy to use by military grade cryptography. Efforts are made to make your money secured and with this technology no body can charge you money or make a payment on your behalf. So long as you take the required steps to protect your wallet, Bitcoin can give you opportunity and a good service to get control over you money and make transactions easy and fully safe.
Works everywhere, anytime:
Just like with email, you don't need to ask your family to use the same software or the same service providers. Just let them stick to their own favorites. No problem there; they are all compatible as they use the same open technology. The Bitcoin network never sleeps, even on holidays!
Fast international payments:
Sending bitcoins across borders is as easy as sending them across the street. There are no banks to make you wait three business days, no extra fees for making an international transfer, and no special limitations on the minimum or maximum amount you can send.
Choose your own fees:
There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Most wallets have reasonable default fees, and higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it's possible to send 100,000 bitcoins for the same fee it costs to send 1 bitcoin.
Protect your identity:
With Bitcoin, there is no credit card number that some malicious actor can collect in order to impersonate you. In fact, it is even possible to send a payment without revealing your identity, almost like with physical money. You should however take note that some effort can be required to protect your privacy.
FOR NEW USERS:
If you are a new user and you are not aware of bit coin then you can get started without any technical information and practice. The storage for this cryptocurency you have to instal bit coin vallet If you have installed this bit coin vallets , it will generate your address for BITCOIN and you can create more addresses according to your need. You can also get payment from your friends by disclosing your address to your friend. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once.
BITCOIN:
Balances - block chain
The shared public ledger on which the entire Bitcoin network depends is the BLOCK CHAIN. the conformed trascations are included in block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced and are run with the help of with cryptography.
Transactions - private keys
A transaction which is a transfer of values between Bitcoin wallets of two different individuals or companies that is included in the block chain. Bitcoin wallets keep a secret piece of data for the security and safe transfer called a private key or seed, these seeds or private keys are used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining.
Processing - mining:
Mining is a distributed consensus system that confirm waiting or pending transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality and stability of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks thus maintain the process and stablize the transactions . Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.
this is a very small intro to bitcoin .in very next blog i will show you the amount value of bit coins. you can get more information here
https://bitcoin.org/en/getting-started