Currency is the another name we will give to Money. This is the general note for exchanging goods and services in all over the world.
Different country is having different kind their own money, Say it is Dollar, Euro,Pounds, Yen, Ruble and so on.
When technology is involved with anything the face of the thing will be changed entirely. We will vow the output of the thing when technology plays with.
Now the trend started like everything should happen just in a click or touch. That’s possible in everything we do. Not all the thing I agree that. Most of the thing ya you agree right?
BitCoin is the virtual currency or crypto currency or electronic transferable currency introduced in 2008. All over the world the accepted the currency as illegal currency. It is invented by unidentified Programmer or team of programmers. It is purely virtual not paper. No printed version is in Bitcoin. All you need to do is that you should have electronic wallet for BitCoin.
The wallet can be obtained by registering your details in BlackChain and verifying the originals. If you are not verified you cannot get wallet and use the BitCoin. BitCoin is very safe, reliable and secured, transferable to another currency.
The surprising feature about BitCoin is its volatility. The value of the BitCoin will be always varying with the time. In few second the value of the BitCoin will be changed. And the BTC can be used as milliBTC and microBTC. The websites are used to calculate with these small denomination too.
There are Private (Indentifier) and Public Key for transfering the Bitcoins to accounts.
In 2013 it is valued as $330 and current value of BTC is $771.02 on Nov 2016. And experts predicted the value will go up to $1300 and more than that.
It is always better to keep on converting BTC to local currency and then your bank account because of its volatile. Or BTC can be converted to local currency on waiting to come highest value. If it is going lower rate it is better to do conversion with immediate effect.
And another one thing to share about is that there is always certain limitation in transfering amount on basis of total value of BTC should reach certain limit or on particular day of the week.
Bitcoin is decentralised currency. No central and no regulations. And miners can only add the Bitcoin to the accounts. That is known as Bitcoin Mining. And you can open your first Bitcoin Account in BlockChain. Few country accepting this currency but not in fullfledge. Time will tell the future of Bitcoin and its usage. If it overcomes and facilitate the transactions of the exchanges no body can not stop by reaching each corner.