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Bitcoins

                                BITCOIN
                


 *What is a Bitcoin ?
*How Bitcoins are generated ?
*Why hackers ask money in the form of Bitcoins?
*Is Bitcoins illegal in our country?

 Let's find this answers.

 Bitcoins have many names like Cryptocurrency, electronic currency and so on...it works in "peer to peer electronic cash system" these Bitcoins we cannot feel, touch and it does not any physical nature but we can see in  digitally.

History of Cryptocurrency.

This Cryptocurrency first  introduced in the year 2008
By a person "Santoshi Takemoto" but this Bitcoin came into existence in January 2009..
He is intelligent programmer and developer he released one genal of an algorithm "SHA256" Bitcoins work on this algorithm only. interesting news is an invisible person ,no one seen till now

  It is very very secure algorithm according to this algorithm only 21 million Bitcoins generated not more then that

 **Let's see how we can earn Bitcoins .
There are two ways to earn the Bitcoin .

 1. PERCHASING BITCOINS
  
   We can buy Bitcoins in websites like .
   Uicoin
    Byurcoin
    Local Bitcoins 
     Coin secure
     Rebpay.and many more..

2.Bitcoin mining .

     For understanding consider an examples..
 See if u have 5 Bitcoins and u want to send 3 Bitcoins to your friend .it does not Directly added to your friend wallet first it convert some equations(blocks) .
 The miner's solve the blocks to generate Bitcoins "the first block solved by the satoshi nakomoto" and generated about 50 Bitcoins .such that how many transactions you made as many blocks produced if solve that "# algorithm "then some more Bitcoins are generated.
               Block Nothing but a mathematical problems ..transactions are very secure and can't be traceable
           So Hackers ask money in the form of Bitcoins and any government do not have any authority .
 Till now 4,76,676 blocks are solved and Bitcoin generated about 16,45,588 this can be changed .
      Write now you reading this article this figure may increase .
   Miners use separate software to mine Bitcoins...they use separate chips "application specific integrated circuit (ASIC)"...
  And it is power consuming process and also time taking .

 There are many factors effect on Bitcoins value 
       1.shoppers.
    If the Bitcoin are accepted by the shoppers then the value of Bitcoins increase....
       2.news..
    If any  viruses attack your computer then hackers ask to pay many  money in the form Bitcoins...
      3.people...
 Most of the people invest in Bitcoin marketing then value increase 
 These Bitcoins accepted in some countries including India County too.
 But some countries banned these Bitcoins .
  The value of Bitcoin in Indian rupee are 6,96,744,45
 These value may increase or decrease

  this is about Bitcoins .I hope you like this article feel free to comment below thank you.
  

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