The Bitcoin network is secured by a minor who checks all the dealings made on the network. Bitcoin is based on confirmed and secure transactions: it is a cryptocurrency. All Bitcoin (1 btc to inr ) network dealings are recorded and anybody can access it at any time. The source code of Bitcoin is open, anybody can consult it.
Bitcoin is both a currency plus a payment system, and the most inventive way to exchange money at a small cost. BTC is a global digital currency, permitting you to pay for purchases anyplace in the world, instantaneously, without going over a bank, without disclosing the particulars of your credit card. It is a tremendously reliable currency, used by millions of people.
Bitcoin is also an unparalleled decentralized system of exchange management, ie a bank less as well as yet very trustworthy money system.
Fast, economical plus without borders:
Payments are done in seconds, among neighbors, or from one end to the other of the linked world.
Decentralized plus controlled:
Bitcoin does not belong to anything otherwise anyone; it is a common tool, as is the Internet, whose administration is provided jointly by its users. The money supply of bitcoins is strictly synchronized, avoiding hyperinflation plus other money formation abuses.
Secure and transparent:
As soon as sent, your payment is unfalsifiable. All Bitcoin dealings are recorded in a public record, the Blockchain, whose data plus code are accessible to everyone.
Since the Bitcoin (1 btc to inr ) database is stored in thousands of potent computers and laptops around the world collectively, it can be measured as a single big computer because they all have a similar database and can communicate with each other. Jointly, they have so much computing power that by sharing them (plus the database with cash and programs), they can be an extremely powerful multi-service data center for the world at large.
