Bitcoin is a word most of us have heard somewhere or the other. However, most of us have only a minuscule knowledge about it. Through this blog, I would like to throw some light on this latest revolution.
What is Bitcoin?
Bitcoin is a crypto currency. Simply put, it is a digital form of money. It was designed by Satoshi Nakamoto. Interestingly, no one knows whether Satoshi Nakamoto is a real person or a group of programmers using this pseudonym.
How Bitcoin works?
Bitcoin is different from the app based wallets that we are used to, like Paytm and Freecharge. While these apps use actual currency for carrying out transactions, Bitcoin is the currency through which we can transact. Bitcoin itself is a store of value.
To understand this, we first need to know the history of our current system of currency.
Remember the olden days, when there was no…
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