S4B Crypto Contest - Season 01

Dear Steemians!
How are you all? I hope everyone is well. I am also well by the grace of Allah.First of all I would like to thank @waqarahmadshah for organizing a great competition.Today I am going to participate in a competition. Let's start without wasting our time.

S4B Crypto Contest - Season 01

What is Bitcoin and how is it different from regular money?

Bitcoin is a digital currency that is not controlled by any individual or bank. It is usually wallet-to-wallet transactions using different blockchains.Generally speaking, it is usually an online based currency that is not easily touched and cannot be touched and its amount is easily understood.It is usually recorded through the block chain and can be easily controlled and kept secure.Generally speaking we can say that this is the difference between regular currency and Bitcoin. Regular currency can be controlled by any person or bank but Bitcoin currency cannot be controlled by any person.It is usually transacted through wallets

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Regular currencies can usually be easily increased in supply. But Bitcoin amount is fixed. There is a fixed supply, which is usually increased by mining Bitcoin miners increase the amount of Bitcoins mined each year.The central bank of any country can easily increase the regular money supply if it tries. But the supply of Bitcoin cannot be increased easily. This is because the amount of supply that has been created will remain in supply and no new supply will come in and no bitcoins can be created.A certain amount of bitcoins are still left to be mined and once they are mined, no new bitcoins will be created.Bitcoin transactions are very simple and easy and quick to transact and transact through wallets. This is easily secured and recorded via blockchain.

What is blockchain and how does it relate to Bitcoin?

A block chain is a method of storing information or a method of recording data to easily record transaction data.It usually keeps the wallets connected through the network.
Its ease of recording data ensures security. It is very important to use blockchain technology to protect various phishing websites from different types of scamming.
It is generally easy to say that Bitcoin is easily transacted using blockchain technology. The data can be exchanged and recorded with Bitcoin to keep the security and safety guaranteed. Blockchain technology plays a very important role in keeping Bitcoin secure to protect it from various hacking and scamming.

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Blockchain has important related to Bitcoin.This is usually the network with the lowest computer in the decentralized.A blockchain typically tags all transaction data using different transaction currencies.Bitcoin uses a proof-of-work algorithm to verify transaction information and add to the blockchain.

How can you get Bitcoin, and how do you keep it safe?

Generally we can get Bitcoin through various means Bitcoin has different means of trading.
Sometimes we can get bitcoins by mining bitcoins. Mining needs to invest a lot of money and collect technical equipment for mining. There will be electricity bill, time, money required.The amount of mining that a Bitcoin miner is rewarded for. Which is usually much more expenses than income.
Generally speaking we can get bitcoins by mining.

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There are many other ways to get Bitcoin, which I am going to discuss.We can get bitcoin through various decentralized. There we have to buy bitcoins at different dollar cost.There are various big centralized crypto exchanges where we can buy bitcoins with dollars.Saving Bitcoin is more important than getting Bitcoin.We can store these bitcoins in different types of wallets.There are many types of decentralized wallets, where we can store bitcoins.Some of the most secure wallets are Hardware wallet, Ledger wallet, MataMask wallet, Trustwallet etc.We can store our bitcoins safely through these wallets.