What is Bitcoin? Bitcoin's properties and Bitcoin's condition in Bangladesh

All of us have some ideas about Bitcoin. Today, I want to share some things about Bitcoin that the features of Bitcoin have some features and the position of Bangladesh is at some stage.

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♦What is Bitcoin?

Bitcoin is a kind of cryptocurrency. And cryptocarrency is such a digital currency system that has no physical or real form. Bitcoin is the world's most popular cryptocarrency.

Generally, we do not have the shelter of a third party organizations in terms of money transactions. Just think, you will send some money to your friend. In this case, you send money to your friend from your phone's development / rocket account. Here you are the sender, your friend receiver and the developer / rocket third party, who controls all the transaction process and takes some charges for it.

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♦Some unique features of Bitcoin

Bitcoin is a fully decentralised currency system. The government or any authority does not control it. As a result of the peer-to-peer system, each user is the real owner of Bitcoin. Someone else can not take ownership of their Bitcoin network.
Bitcoin is the entire process of transaction, without a name. A Bitcoin user can open multiple Bitcoin accounts. To open these accounts, no personal information, such as a username, address, etc. are required. As a result, the real identity of the user is hidden.
Bitcoin transactions are completed very transparently. The records of each transaction are stored in blockchain, which is when anyone can see from any part of the world. As a result, there is no scope for corruption.
Bitcoin Account is very easy to open. In this case, there is no need to fill any trouble form like opening a normal bank account. No extra fees are required. No papers should be submitted.
Bitcoin transactions are very fast. Whatever bitcoin sent from the end of the world, it will reach the recipient within a few minutes.

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♦Some difficulties of Bitcoin

Bitcoin is completely off the shelf. That is, if someone sends Bitcoin wrongly to any wrong address, it is not possible to get it back.
The Bitcoin transaction does not control any organizations. The identity of both sender-recipient is completely hidden. As a result, it is possible to use bitcoin in many criminal activities. Bitcoin is also used for the purchase of illegal products. All transactions in the dark web of the dark web are by Bitcoin
Bitcoin prices are very unstable. Sometimes a huge amount of ever increases, sometimes a huge crash.

♦Bitcoin prices in present world and its status in Bangladesh

Since Bitcoin first launched, the price has increased day by day. In 2011, Bitcoin's market value was first raised from $ 0.30 to $ 32. Then in 2013 the price rose to $ 266. Bitcoin prices continued to grow gradually. At the end of 2016, the price comes to over $ 600. Then in 2010 the Bitcoin prices increased the record. Bitcoin rises upwards of $ 9,000 in November this year, increasing by almost a thousand per month. And this December, the price has risen to more than $ 15,000 which is a truly unprecedented event.

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Bitcoin is very popular in many countries around the world. More than thirty thousand people in the world, like WordPress, Microsoft, Wikipedia, Overstock, accept Bitcoin. The day-to-day popularity of the day is increasing. Microsoft founder Bill Gates commented on Bitcoin, "Bitcoin is better than currency".

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Now let's see how Bitcoin is in Bangladesh. Bangladesh is included in the Bitcoin Foundation as the first country in Asia, on 15 August 2014. But a month after the Bitcoin joining the Foundation, the ban was issued on all transactions in Bitcoin. Bangladesh Bank, in a press release, urges people to refrain from all types of transactions of Bitcoin. That means that Bitcoin transactions are declared completely illegal. So far this ban on Bitcoin remains in Bangladesh.

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