What is Bitcoin ?
Bitcoin could be a new currency that was created in 2009 by associate degree unknown person exploitation the alias Satoshi Nakamoto. Transactions are created with no middle men – which means, no banks! There are not any dealings fees and no ought to provide your real name. a lot of merchants are setting out to settle for them: you'll be able to get web hosting services, pizza pie or maybe manicures.
Why Bitcoins?
Bitcoins are often wont to purchase merchandise anonymously. additionally, international payments area unit straightforward and low-cost as a result of bitcoins aren't tied to any country or subject to regulation. little businesses could like them as a result of there aren't any mastercard fees. Some folks simply purchase bitcoins as associate investment, hoping that they’ll go up in worth.
Owning Bitcoins
Bitcoins are keep in a very “digital notecase,” that exists either within the cloud or on a user’s pc. The notecase may be a reasonably virtual checking account that permits users to send or receive bitcoins, cash for|obtain|get|procure|get hold of} merchandise or save their money. in contrast to bank accounts, bitcoin wallets don't seem to be insured by the Federal Deposit Insurance Corporation.
