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Monday, April 30, 2018

Bit Coins - Surprising Truths

  1. According to Google's Database Search history, the most searched items in Google in last December 2017 were "Hurricane Irma" and the second place goes to "Bit Coin".
  2. The person who proposed Bit coin was declared his name a Satoshi Nakamoto, but actually no one exists on this name.
  3. Bit Coins are also known as Cryptocurrency, a digital money established in 2008.
  4. It is actually an electronic payment system which is based on mathematical proof.
  5. Bit coins doesn't involve any banks or payment gateway's or any third party vendors. 
  6. If you have any bit can, you can give it to someone like sharing your money to your brother in hand.
  7. Current value of 1 Bitcoin in US dollars are $9246 as per today's date(4th Apr 2018).
  8. Hackers demands money for their hacking in terms of bit coins. 
  9. Anyone can exchange cryptocurreny(bit coins) for cash.You can use your bitcoins to purchase goods and services online.
  10. Bit coins are irreversible, that if the transactions are made, there would be no place for re-do or Undo.

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