''BITCOIN'' A NEW CRYPTO CURRENCY

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WHAT IS BITCOIN?

                                      bitcoin is new payment system in the world of business the most secure one that moods the transaction in a prominent way of digital currency.There is no third party or middle man involved or any commission involved in it.This enables its users to make their transactions by peer-to-peer in the network.

BITCOIN

Bitcoin is in the form of digital currency.Bitcoin is the currency in which the new modern techniques are used to generate the units of the currency.This is called the crypto currency this currency is produced by the people and one holds the currency it works independently. this is an electronic payment system to solve the mathematical problems.

FOUNDER OF BITCOIN

                                                  This is invented by  Satoshi Nakamoto first in 2008 and after an year in 2009, the very comprehenssive form of the bitcoin software came in the business field.

                                                           Image facilitated by-: https://www.google.com.pk

 

Video courtesy by -: https://www.youtube.com/watch?v=Gc2en3nHxA4

WHO CONTROLS THE BITCOIN?

                                                                      No one controls the bitcoin in fact its users all the around the world.developers are improving the software at times but its not effected by that because of the the protocol that is being used by the users around the glob.The developers can't forcefully change it.

HOW DOES THE BITCOIN WORKS?

                                                                            For the users point of view its nothing ,more then a mobile app or a computer program that allows the user to set the wallet to receive the bitcoin on a proper address and vice versa.

BLOCK CHAIN

                                The block chain is type of public ledgers in which the transaction record are maintained that ever been be done in the chronological order completed blocks are added with the new one as the record.

Allowing its users to verify and check the validation of each transaction and the validation of each transaction has been checked by the and protected by the digital signatures on the said addresses.

Here id the Image of the block chain so as to easly understand it and the wallet shows the series of block chain and the very secure transactions have been made because of the special digital signatures on each of the transactions to make it secure and reliable.

 

                                               Image courtesy-: https://blockchain.info/wallet/wallet-faq

IS THE BITCOIN REALLY USED BY THE PEOPLE?

                                                                                                           The answer would be yes,because its the growing digital crypto currency that are used by the many of the institutions like law firms,restaurants and the online popular services groups are using the bitcoin.but still this is relatively new phenomenon and its growing fast as well.

WHAT IS THE PURPOSE OF USING THE BITCOIN?

                                                                                                             Bitcoin is the used for the payments of goods and services.we can purchase the bitcoin at the bitcoin exchange.Due to the very best features and the same value remaining for the long time it can be converted by anyone at anytime nearby. 

WHY IT IS SO TRUST WORTHY?

                                  Its all because of its open for everyone and all the transations are made secretly by the digital signatures.And its is not being controlled by anyone except the users all the around the world.Its all trusted by its users.

                                                      Image courtesy by -: https://www.google.com.pk

As it looks in the picture that the girls are at the bitcoin ATM machine.This machine sucks the money at its bill slot and converts the money their money in the digital wallet.

BITCOIN IS LEGAL OR NOT?

                                                            As the legal point of view of it,the bitcoin is not announced illegal to its jusrisdictions , however in some of the countries like Argentina,Russia and Thailand there is a license required to exchangers to exchange the bitcoin.

MINING OF BITCOIN

WHAT IS MINING?

                                     Mining is the process getting the computer technology involved in the process ans made the transactions,to secure the system and keeping everybody involved in it with synchronized together.

HOW IT WORKS?

                                   Any body can be specialist of mining by using softwares with specialiszed hardwares.mining software manages the transaction through peer-to-peer network and confirms these transactions.Bitcoin miners perform these transactions for the users because they can earn the transaction fee paid by the users for the faster transaction processing.

Image courtesy by -: https://www.google.com.pk

Video courtesy by -: https://www.youtube.com/watch?v=yFE2FV9ia1s

Here are some of the mining types of bitcoin which are of worth important to mentioned as under

1) CPU Mining

2) GPU Mining

3) Asic Mining 

CPU MINING

                           cpu mining is based on the computers attached with each other and the hash rate not so high in fact the cost of cpu mining is much higher then the rate of bitcoin produced in the cpu mining so it is more expensive then any of the other two kinds of mining and the computer are on for 24/7 which is even more dangerous for the computers heath and the heated mother board issues.here is the image of cpu mining.cpu mining is little old fashioned and the difficulty is too high in it to produce the bitcoins .

image courtesy by -: https://www.google.com

Video courtesy by -: https://www.youtube.com/watch?v=k3f_kd-nfSM

GPU MINING

                     gpu mining is more efficent and more reliable then the cpu mining and the difficulty factor is also involved in it but less then the cpu mining.

Image courtesy by -: https://www.google.com

Video courtesy by -: https://www.youtube.com/watch?v=BSn3FC_SBPA

 

ASIC MINING

                            A set of intergeratd chips specially designed for the specific purpose.the first version was released in 2013 and the concept of Asic mining.There is little power required for it to produce the bitcoins and the time as well.It is more faster then the GPU mining technology and enhancing day by day as more benificial as well less costly thern the GPU mining.

Image courtesy by -: https://www.google.com

Video courtesy by -: https://www.youtube.com/watch?v=cdxwCiMrpQI

 

CLOUD MINING

                                cloud mining is the new concept through which the user buy the hash speed to the hardware it not be cut off or there is no effect of electricity on it if the user is offline it redems its work and as long as possible if there is any fault in the network centre.here is the image of cloud mining.

Image courtesy by -: https://cex.io/cloud-mining

Image courtesy by -: https://www.genesis-mining.com/

Image courtesy by -: https://www.bitcoincloudservices.com/

Video courtesy by -: https://www.youtube.com/watch?v=S87X-4QyA6U

EARNING OF BITCOIN FROM FREE SITES

                                                                                           There are some free sites from which the bitcoin can be earned and some of them which i am using and getting the benefit.Some sites are as follows

1. FREE BITCOIN               

    Image courtesy by -: http://freebitco.in/?r=1251418

video courtesy by using software 

3. MOON BITCOIN                  

Image courtesy by -: http://moonbit.co.in/?ref=4fa1ce0916794

video courtesy by using software

                                  

4. COINAD

Image courtesy by -: https://coinad.com/?r=W014DEP3C9EKDBJ

 

video courtesy by using software

5. SURF ADVERTISEMENT

Image courtesy by -: http://btcclicks.com/ads

video courtesy by using software

6. BITCOIN ZEBRA

Image courtesy by -: ">bitcoinzebra.com/?ref=c31978183253"> bitcoinzebra.com/?ref=c31978183253

video courtesy by using software

7. BITLANDERS

Image courtesy by -: http://www.bitlanders.com/register?c=gr234234__383431__0__0

video courtesy by using software

8. FARM SATOSHI

Image courtesy by -: ">farmsatoshi.com/?ref=21310"> farmsatoshi.com/?ref=21310

video courtesy by using software

9. THE LAND OF BITCOIN

Image courtesy by -: https://www.landofbitcoin.com/?r=Z1kMXMV6QLkKlQc0

video courtesy by using software

10. PAIDVERTS

Image courtesy by -: https://www.paidverts.com/ref/abdulali14

Video courtesy by using software

EARNING OF BTC THROUGH GAMBLING SITES

                                                                                                        Btc can be earned through gambling sites to double the amount the of btc is more required in fact everybody wants to earn more and more why not to double or even more if happens for this purpose many of the Gambling sites that really matters in this reqard.

1.SATOSHIBET

Image courtesy by -: https://satoshibet.com/

Video is courtesy using software

2. SATOSHI-KAROSHI

 

Image courtesy by -: http://www.satoshi-karoshi.com/

video courtesy by using software

3. FORTUNEJACK

Image courtesy by -: https://fortunejack.com/

video courtesy by using software

EARNING OF BTC BY INVESTMENT SITES

                                                                                            Btc can be earned through the investment sites.Many of the investment sites available which deals in BTC and they claim the higher rates of return then those of each other.some of them are as follows.

1. BITCOIN INVESTMENT TRUST

Image courtesy by -: http://grayscale.co/bitcoin-investment-trust/

video courtesy by using software

2. PERSONAL LOANS AND ONLINE INVESTING-PEER TO PEER BITCOIN LENDING-BTCJAM

Image courtesy by -: https://btcjam.com

video courtesy by using software

3. FINANCEINV-TRUST THE BEST NOT THE REST

Image courtesy by -: https://financeinv.com/

video courtesy by using software

4. BTC INCOME INVESTMENT LIMITED[GB]

           Image of courtesy by-: https://bitcoin-income.com/

Those are some common BTC earning websites that are using around the world and due to using those websites many of the people earned a handsome amount in BTC.

QR CODE FEATURE IN BTC SYSTEM

                                                                               QR code means (quick response code)system is also a biggest feature in the BTC currency.Its a matrix barcode system which makes the BTC more secure to save it in the wallets or even in the shape of the paper money if you are having the QR in your system or even using the anderiode mobile app so its easy to generate and more secure to send the money from one wallet to another wallet there is no need to physically transferring the money carry the cash by hand.  

image courtesy by -: www.google.com.pk

PAPER WALLET

                                   A paper wallet is used the save the bitcoin in the wallet in the printing form on any paper possible and printing the bitcoin addresses and the private keys directly on to the paper.this is one the secure and safe way to save the bitcoins 

A bitcoin paper wallet. On the leftside there's the text 'Load & Verify' with a QR code above it (small black and white squares inside of a larger white square). In the middle there's text saying 'bitcoin' with the text 'Amount:' below it. On the right side there's another QR code above the text 'Spend'.

image courtesy by -: https://www.google.com.pk

paper wallet is containing all the relative information about the your bitcoin address and the private keys that you use to send and receive the bitcoin in the transactions it is basically based on the barcodes and readable by the help of Bar codes.

QR CODE IN MOBILE APPS AND QR SCANNER

                                                                                                       nowdays the enhancement in the technology and upgradation day by day its easy to secure the items in the wallet specially in case of BTC where the mobile apps are available now for the smartphones and the due to the use of the scanner the paper wallet can be scanned at the time receiving of BTC and you can even print out it in any shape and form forever print it on the paper,on your shirt,body whatever the thing you seems better for the saving of your BTC and the technology made it easy.

 

Image courtesy by -: https://www.google.com.pk  

 

image courtesy by -: www.google.com.pk

image of courtesy by -: /www.google.com.pk

 

                             

 

 

 

 

 

 

 

 

 

 

 

  

 

       

 

 

 

 

 

 

 

 

 

                     

                                                                    

 



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