If you are not still clear as to what bitcoin means, so here it is! Bitcoin is a digital currency that is not controlled by any official authority. It iselectronic money that is used to receive or make payments online throughout the globe. The bitcoins are also known by the term `BTC` that owns the highest value in the cryptocurrency market. Bitcoins have become possible due to growing digitalization.
The working of BTC
The bitcoin transactions is most transparent in the manner that every deposit and withdrawal of Btc is posted into its ledger. Blockchain is the main tech in the working of bitcoins that stores all the digital information regarding the transfer of cryptocurrency in a public database. It stores all the information about the transactions in terms of date, time, amount, and people involved.
The way to earn bitcoin
To become part of the cryptocurrency market, you need to become a member of such a market. For that, you will be required to get registered to the official website of the bitcoins. To trade in the bitcoin market, you will need to have cryptocurrencies in your account which you can get in exchange for real money. You can make as well as receive BTC payments, but for that, you need to have a bitcoin wallet or any other e-wallet to store the bitcoins. The wallets can be installed on the computer or smartphones.
Bitcoin is a growing market in itself without any connection with the outside official authorities. Millions of people have their memberships in such a market and are growing well by earning huge amounts of cryptocurrency.