10 things you have to know about Bitcoins

1 WHAT ARE BITCOINS ?

Bitcoin is a worldwide cryptocurrency and digital payment system. It is a decentralized digital currency, as the system works without a central repository or single administrator.
The price fluctuates, depending on what people are ready to pay for it. It use to traded for pennies and now it reached $8000 !!

2 WHO CREATED BITCOINS ?

It doesn't really matter who created it because the Bitcoin ecosystem is decentralised and cannot be controlled by anybody, including the creator.
But the idea of Bitcoin was conceptualised by an anonymous figure, called Satoshi Nakamoto. Without disclosing who he was, Satoshi outlined how the currency would work: bitcoins would be ‘mined’ by computer software, transferred directly amongst users and recorded in an untamperable ledger without the need of a third party.

3 WHAT IS NEW WITH BITCOINS?

The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.
While fiat currencies rely on third parties, such as banks or payment processors like Visa, to verify the transaction,
bitcoin transactions are permanent and publicly viewable on Blockchain.info and cannot be edited or deleted.
This means that the transaction records act as "proof of transaction". (Bitcoin is also programmed to be non-duplicable).

4 WHAT IS DECENTRALISED CURRENCY

Bitcoin is also a decentralised currency, as in no one government, individual or group holds authority over it. This makes bitcoin spendable anywhere in the world as long as the receiver accepts bitcoins as payment.

5 WITCH COUNTRY RECOGNISE BITCOIN ?

Some progressive countries such as Japan have started to recognise it as currency. But there is a lot of Bitcoin-friendly countries as Sweden, Denmark, Estonia, USA, The Netherland and many more.

6 HOW CAN I USE BITCOIN ?

Bitcoin can be used for spending, similar to money. Some people also keep them for investment purposes, while others prefer to use them as a method to make international money transfer.
Bitcoin exists electronically and is kept in ‘bitcoin wallets’. There are many types of bitcoin wallets: desktop wallet, mobile wallet, online/web-based wallet, hardware wallet and even paper wallet.

7 HOW MANY PEOPLE ARE USING BITCOINS?

Not easy to say. One way to measure number of bitcoin users is by measuring the number of bitcoin wallets.
Another way to estimate bitcoin usage is by the number of bitcoin transactions, which has steadily increased. Although this could mean that the same people are simply making more bitcoin transactions, it is fair to assume that there are new bitcoin users in the mix, too.

8 HOW CAN I MINE BITCOINS ?

Bitcoin mining used to be really profitable. Now it is no longer worth it . You will need a lot of Bitcoin mining equipment, who xost a lot and take room in the ho (machines, rental, electricity and cooling costs).

9 HOW CAN I BUY BITCOINS ?

You can buy bitcoins from many online exchanges (Coinbase, Bittrex). There are a lot more options now than ever before there are global bitcoin exchanges and also country-specific bitcoin exchanges. You can also buy them from other people via Localbitcoins.

10 HOW CAN I EARN BITCOINS ?

You can play on website for claim free bitcoins (Best site: https://freebitco.in/?r=7736107). It's called "bitcoins faucets", or "lottery". You can also earn oney with referrals system, airdrops and bounty.