BITCOIN
Bitcoin is digital currency
which is introduced in 2008
This currency
required computers , and no need of bank for deposits and withdraw this
currency . In early may 2021, a single bitcoin is worth about $55,000 .
Bitcoin is basically form
of digital cash is called cryptocurrency
in which unit transactions are recorded on a digital ledger called a block
chain. It started as an idea in a white paper in 2008. You can’t actually hold
a bitcoin in your hand but you can make a ton of money off of one.
Bitcoin doesn’t
involve any bank or government it’s peer to peer currency unlike the American dollar or any other country’s currency.
Bitcoin is not
regulated or under written by any one
government.
With mastercard and other
noteworthy companies bringing cryptocurrency onto their networks.
The popularity of
bitcoin has exploded since it was invented in 2010.
PROS
OF BITCOIN
It’s
easy to cash out and sell your bitcoin if you need money.
CONS
OF BITCOIN
Limited
practical use you cannot use your bitcoin to buy things. It must be converted
to regular money first .
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