What is Bitcoin?
To put it right, Bitcoin is a kind of currency. The currency of our country, such as a currency, a dollar such as a currency, a currency of bitcoin too much. It is usually called cryptococoncenary and sometimes cryptokeyane. So what is the difference between bitcoin or cryptoconference with our country's money or USD? The difference is that Bitcoin has no physical existence. That means you can not see it and you can not touch it. It's a complete digital currency. In other words, it is a currency based only on the Internet and computer. The introduction of Bitcoin was first introduced in 2008 and the person or unknown person or group that started this currency, the name Satoshi Naakamoto Bitcoin is now made as a rewards of mineing. Please talk more about this topic below.
There is no separate institution or organization to deal with Bitcoin transactions. If you deal with Bitcoin with someone, then none of your transactions will ever be tracked. One is called peer-to-peer transaction. That's why Bitcoin has become very popular in the present age. As a bitcoin transaction becomes completely processed and aproved, new bittakens are created. Bitcoins that are made in the new bits have been reduced by half after every 4 years. And, the construction of new Bitcoin will continue till 2140. No new bitcoins will be made afterwards. If you want to know more about this, you can look here.
And yes, the Bitcoin market price is almost up-down every day, much like the stock market. The moment I am writing this article, the value of 1 bitcane is equal to 5,666 US dollars. That is, at present, the price of 1 bitcoin is equal to Tk 470,000 in Bangladeshi money. You can see the amount of Bitcoin at the same time, at any time, at the time of this link.
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Bitcoin Earnings:
Bitcoin can be shaven and cost in some ways. The easiest way to earn it is to buy some Bitcoin directly. Now think 1 bidet is worth 579 dollars, you can buy this currency directly for $ 579 and it will be stored electronically on your account online. Again, you can sell any service or thing to earn this currency. Now think I have a phone, worth $ 579. So I can sell this phone online at the price of 1 bitkayen, this will bring me the coin.
Besides, you can mine bitkayana if you want, and this is the medium that makes new bittacquains available in the market. Friends, a simple note is controlled by the government or the authority. They control the price and all sorts of transactions. If you ever need a note, they can print the notes as desired and thus the new note comes to the market. But Bitcoin is not printed, and it does not have anyone as its controller, but there is a price that only certain number of (21 million) bits can be in the market. If this coin is increased by many, its value will be reduced, so this system has been created to control it. But it will come when there will be no new Bitcoin in the market.
Bitcoin transfers:
Now the question is how can this currency be transmitted? See the biggest problem but it happens here. And this thing is a little difficult to understand. Let's try to understand the matter easily.
Think you went to a park for morning walks. Going there, Apple is looking for Apple to sell and you want to buy an Apple. Now you gave him money and bought an Apple in return. Now that you have got Apple in your hand, but you do not have to worry. You can see that Apple is physically able and touched by hands. So you do not need any other person to check it. This app will be completely yours and you can also give it to Kauka. You can give this apple to your friend, your friend can give it to another, and thus this order can be maintained.
But friends now think about a digital apple-which is not stored in your pocket but rather is stored on your computer or any computing device. How do you know that this apple is yours? How do you make sure that it has not sent your friend? Has not fun started? Since it is in digital format, it is possible to make thousands copies. It is possible to send Kauk by mail. It is also possible to download millions of downloads on the internet.
So, you know, exchange of physical Apple and Digital Apple is not one thing. Computer scientists also face the same problem while exchanging Bitcoin, and the problem is called "double-spending problem".
Now if you want to send a note or some money to Kauka, the note is a physical currency, which you once used to give, and you will not have it. Or if you want to send money through bank, you have to pay some fees to sign some papers. In this, the money will be withdrawn from your account and the money will be added to another's account and that money will be returned to the person physically through a proforma channel. You must verify that you have money in your account and you can pay a note only once or spend it.
But it is a bit different when sending bitcoin. If I want to send you some coins, maybe I send it to my account from my desk. But will this transcription verify? I mean, that I sent you a few coins, and the certainty of the fact that I still do not have a deposit?
In order to fix these rumors, a bit of mathematical problem is added to each bitkayana part, and each coin has a mathematical number attached to it to track it. This is how it is understood from whom no number of coins came from. Now every day there is exchange of coins in the whole world, who are able to make these transactions successful?
Bitcoin solves this huge mathematical problem, which makes these transactions successful, they are called Bitcoin Miners. They have a lot of powerful computers. These computers have many powerful GPUs installed, and if they solve the arithmetical problems of this problem, they will be transited first and then you and my transition will be done and minarer Rao will be able to get some Bitcoin prize in order to get this done.