Bitcoins hit the news headlines this week as the price of one unit of the crypto currency passed 11500 US dollars for the very first time. Since it was created in the year 2009, Bitcoin has experienced significant highs and lows. Everywhere you go, you can see bitcoins popping up here and there.
There are myriad of services that has started accepting payments through bitcoins. Holders of Bitcoins are encouraged to explore the selection of precious metals on offers at renowned sites. Buy goldbitcoin has become a fairly easy option in the current era. But what are bitcoins?
What is a Bitcoin? Definition and Explanations in brief
As a new user, you can get started with bitcoins without understanding the technical details. Bitcoin is a type of digital currency in which encryption techniques are used and it offers a great mode of security while transferring funds. Bitcoins hold a very simple data ledger file called a block chain. Bitcoin was invented in the year 2009 by a person or you may call it as group of people headed by Satoshi Nakamoto. With this type of new currency, transactions were made with no middle men even without the presence of banks.
Bitcoins has started attracting attention as a wildly volatile, all digital currency. Buy silver and gold with bitcoins was made lot more easier, just as the normal purchase you can buygold and make the payment in the form of bitcoins.
Since the bitcoin was made available to the public in the year 2009, the craze for the bitcoin never got reduced.
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