Start Earning Money at Home by using computer ,a piece of Hardware and internet Connection Day 1 chapter 1

Day. 1
Chapter 1

Hello all

As promised ,

From today ,I will deliver lectures free of cost onto Bitcoin so that you will start earning from home by using computer.

My first post will be onto Bitcoin.

Everyday a single lecture will be delivered from my book

So Donna miss these lectures.

BITCOIN

THE FUTURE CURRENCY.

WELCOMES

YOU

THE BITCOINS

MININGTRADING GUIDE.

By Ashfaq Bhat

                 Lecture 1

What is Bitcoin?

First and foremost, Bitcoin is a currency like any other currency. It is a medium of

exchange, just like the dollar, euro, or yen, and it has value because a lot of people believe it does. It has units analogous to dollars and cents (bitcoins and Satoshis, respectively, the latter named after Bitcoin’s creator).

A Bitcoin

is a unit of measure in an online currency exchange system. Unlike government

backed fiat, such as the USD, there is no government or central owner of the BTC

(Bitcoin ). A Bitcoin is traded within a peer to peer network which uses

cryptographic processes to build trust around each transaction, thus building

proof of ownership for your BTC.

Users can transfer bitcoins over the network to do just about anything that

can be done with conventional currencies, including buy and sell goods,

send money to people or organizations, or extend credit. Bitcoins can be

purchased, sold, and exchanged for other currencies at specialized currency

exchanges. Bitcoin in a sense is the perfect form of money for the Internet

because it is fast, secure, and borderless.

So what makes Bitcoin different than

other currencies?

First, it is a digital currency.There is no Bitcoin mint.

Bitcoins exist only online.Think of PayPal, or an online

bank transfer, and how you can send dollars back and

forth over the Internet. It’s kind of like that, except with

bitcoins instead of dollars,and without any central

authority. That’s right—there Is no central authority

governing Bitcoin. There is no bank , and no government institution. Instead, there is a

peer-to-peer network that tracks everyone’s balances,

stores transaction histories, and regulates the creation of

new bitcoins. All of this happens securely and nearly

instantaneously. Transaction fees are extremely low, there

are no deposit or withdrawal limits, and you can access

your funds from any country to any time using nearly any

computer or smartphone. Oh, and it’s all open source. In an

age of increased government surveillance and shenanigans on Wall Street, it is no

surprise that Bitcoin is rapidly growing in popularity. And I do mean rapidly—the

price of one Bitcoin shot up from less

than $ 0.50 to more than $ 1,000 in the last quarter of 2013 alone. And in 2016

the bitcoin price was less than $ 300 but at the time of writing the price touches

once again $1100 in january 2017 but don’t worry—you don’t have to buy one

Bitcoin at a time. You can buy a few

Satoshis worth less than single Dollar.

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