Bitcoin uses Blockchain technology in its underlying architecture. Blockchain has no central authority, and the information is open for everyone to see because it is a shared public ledger.
Use cases of Bitcoin:
These were created mainly for Mining. They are used for buying or selling any products to any company which accepts to earn bitcoin. Companies which are dealing with their customers over the internet can make use of these bitcoins more efficiently than people who have an offline business. Top companies which use bitcoins are:
1.Wikipedia
2.Microsoft
3.Expedia
4.Burger King
5.KFC
These companies mentioned above are the top MNCs in the world. If they trust Bitcoin, as an Individual you can too.Bitcoins came into existence in the year 2008 and is assumed to be created by a group of people with an anonymous name and released in 2009 as open-source code.
Now, if you are really interested in Bitcoin you would have this question. How can I get started with bitcoin? Let’s look into that.
Getting started with Bitcoin:
We can start off with Bitcoin in 3 simple steps. There is no need to understand the technical functionality of Bitcoin works to start off with it. We will take a look at the steps now.
- Choose your Wallet
- There are various free Bitcoin wallets. Choose one, download and install it on your PC
- For instance, check out Electrum, Bitpay and Bither.
- Buy Bitcoin through the installed wallet. Check out the official site to learn more about this.
- Spend Bitcoin on merchants who accept it. Check out the official site to learn more about this.
The future of finance is now! Learn more about Bitcoins and invest intelligently. Want to start off with Cryptocurrency? Today is a good day.