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Assalamu Alaikum

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How are you? By Allah's grace, I'm doing very well too. Today, the topic I want to discuss is bitcoin.

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As our lives have improved, we have today taken the level of transactions to a higher level using the internet. We are all aware of digital transactions like sending money and receiving money and through some developments from the internet and through banking services. Similarly, the Internet has become the main medium of online income and investment today. Bitcoin has become one of the most popular among those who love to invest money. Bitcoin is a currency that cannot be captured and touched. which has no existence. Bitcoin is digital currency or cryptocurrency. This transaction can only be done over the internet with Bitcoin.The value of Bitcoin rises and falls every day. Bitcoin is a virtual currency. Which has no controlling country and organization.

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Bitcoin has no owner. Bitcoin can be used digitally by anyone. There are certain rules and regulations for using Bitcoin. Bitcoin was invented in 2008. A person named Satoshi Nakamoto is said to be the inventor of Bitcoin. But in fact it is disputed because there is no trace of him. In October 2008, a nine-page proposal titled Bitcoin's Peer-to-Peer Electronic Cash System was published online. That's where Bitcoin was first introduced.

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It is abbreviated as peer-to-peer electronic transaction system. Through it one can transact with others without any third party. All transactions through this system will be based on proof of work rather than trust. And all transaction data will be recorded in a specific network called blockchain. Since the publication of this proposal, Satoshi Nakamoto developed the first software for Bitcoin mining. Mining is the process of creating Bitcoins. In January 2009, Satoshi Nakamoto created the first Bitcoin. Currently, despite having so many followers of Bitcoin, no real identity of Satohsi Nakamoto has been found. The first product was purchased in exchange for Bitcoin on May 21, 2010. Then he ordered a pizza worth 25 dollars in exchange for 10,000 bitcoins. Currently, the value of Bitcoin is in the millions of rupees, but at first its value was very insignificant. Currently, there are more than 500 cryptocurrencies, among them, the very popular Litecoin and Ethereum have surpassed Bitcoin.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.