Bitcoin is also known as Cryptocurrency or Digital Currency which is the electronic form. Its short form is BTC. Bitcoin is not printed like other paper currencies. It is created electronically and the main point is, no one can control it.
Bitcoin has invented blockchain technology, which is a worldwide ledger and it is very complicated, so one can encapsulate it completely. It is a pure consensus transaction network that enables a very new payment system. You can say that completely digital money.
In second form it is the first decentralized p2p (Peer-To-Peer) payment system that is controlled by its own users. That means no central authorities like banks or no middleman. Bitcoin has its own digital wallet so you can keep it in mobile or PC.
How to Determine Bitcoin Market Price?
There is confusion or few questions in every bitcoin user’s mind. How to count the bitcoin market price? How prices are rising and fall? These all things are very important to know for every bitcoin network connected person.
You are wondering about knowing that the bitcoin price is determined by its supplies and demands. So, when the bitcoin demand increases, its price increases and when its demand falls, its price falls. Like the economical law of demand and supply.
Reasons to Invest in Bitcoin
1. Flash peer-to-peer transactions
2. International payments
3. Low processing charges
4. Bitcoin is open source
5. It is public means nobody owns
6. Nobody controls it
7. Everybody can take part
8. Less risk
How Bitcoin Makes Our Life Easier With Its Services?
Bitcoin has made innovation in payment systems. It is not only just for sending money from people to another, but also has many features. Bitcoin has its own wallet for multipurpose activities. You can buy or sell bitcoin and keep it in e-wallet. Also you can buy vouchers for various things. If you want to recharge your mobile, DTH bill payment and data card bill, then bitcoin makes quick payment in just a few clicks at anywhere and anytime. But this is not the end of bitcoin services. It is exploring future payment possibilities with broadband, electricity bill and landline bill payment features.