Bitcoin

What is bitcoin? Why need?

The use of cryptococcern 'bitcoin' has been increasing steadily. On 15th August, Bangladesh became the first country to get Bitcoin Foundation membership. But what is Bitcoin, for what? What work is needed? In order to find answers to such questions, Banglanews has brought a series of reports on Bitcoin for its readers. In the first phase, the cryptoCarnancy 'Bitkayen' is known. Usually, using real-paper currency or any associated digital signature, the issues related to real-life and online transactions are apparently eliminated without any problems. However, there are two major problems with the use of used ATM cards, credit cards, debit cards or other digital signature materials. In case of SSE transactions, both the customer and the auctioneer have to 'trust' or trust on a third party, for example the bank. Third parties, both parties in this bank pay a certain amount of money, which is called 'double-spanning' in English. Origin of Bitcoin One person, in a pseudonym 'Satyashi Nakamotto', released a research proposal of 9-page "Bitcoin: A Peer-to-Peer Electronic Cash System" online on October 2008. Where is the idea about the first bitkayen. A summary of the proposals says that a peer-to-peer electronic payment payment system is needed, through which one can complete the transaction without having another to a third party or organization. At the same time, you can avoid 'double-spanning'. All transactions in this system will be completed on the basis of 'work (transaction) evidence' and all transactions will be recorded in a specific network instead of confidence. Satyashi Bitcoin created the first software for 'mining' since the release of the offer. 'Meining' is the process of making Bitcoin. In January 2009, Satoshi released the first bitcane currency. The original identity of this seventy-seven-year-old girl is unknown today. What is Bitcoin? So 'Bitcoin' - B in English, Capital Letter - is a peer-to-peer network where currency ownership can be changed without a trusted third party, and the unit used in this network is 'bitcoin' - English in b, small letter - which is fully digital cryptography Through the use of computing coding. The properties of Bitcoin are made entirely digital, in reality it has no physical presence. No central bank controls it. The currency system is in progress due to the use of it by individuals or individuals worldwide. Due to peer-to-peer system, direct trading is done without any organization or middleman. Because of the use of cryptography, it is impossible to get Bitcoin access without proper permission. Above all, transaction is completely possible in Bitakayane. The difference between the conventional currency and the bitcoin is the most commonly used currency used in the world. Any type of service is at the root of accounting transactions. Whether it is to exchange services, face-to-face services, online services, banking or financial services, etc. Bitcoin is a type of cryptococoncy created using cryptography. The main difference between conventional currency and cryptococoncy is that due to physical existence, conventional coins can be hand-held, hand-picked. Cryptocarrency can be used only on the other hand. Because it is virtual or digital, it can be used only, and it can not be easily handled. Bitcoin works as a peer-to-peer network, due to the transit of Transaction or Transaction service provider and 'Wallet' from the recipient 'wallet'. Bitcoins are stored in 'Wallet'. It can be either online or offline. A Bitcoin user has to use two keys. A 'Public Key', it's open for everyone. The other is 'Private key', it is always hidden and used for the confirmation of transactions. Transaction history is recorded in an open account (public laser), which is called 'Block chain'.

In this case 'public keys' are used and the same transaction can not be repeated through the same user. From the account of the first transaction in Blockachen, all accounts have been preserved and updated regularly. Bitcoin's disadvantage According to information and technology expert Kai Hess, there are some badges of Bitcoin. Firstly, due to the inability of the transaction to be repeated, if there is no service related to the service provider, there is no way to get back the coin. Secondly, if the bitcoin 'wallet' is lost or damaged then it can not be returned. That is not the case for our used wallet or currency. Thirdly, as a medium of exchange, Bitcoin is very unstable. Fourthly though the usage of bitkayen is increasing gradually, but it is relatively limited compared to the conventional currency. So it has to be used to convert it to conventional currencies. After all, there is no credit facility in bitcoin. Although it is a good direction, but the economy of the current world is running credit-based. Based on credit, we take pre-service.

Bitcoin rivalry is currently being used by 454 types of cryptococerns worldwide. However, Litecoin and Ripple are one of them. Other cryptocarcans are not so much like Bitcoin. Litecoin- apparently conceived a Bitcoin competitor, but its chances are very slim. Famous brands / companies who took Offers Offers of the real world for the first time bought a product that is 010 on May 1, when the Bitcoin user lasajalo (Laszlo) 10 Offers of value for money is a pitja purchased for $ 5. More than 30,000 traders and philanthropic organizations worldwide took Bitcoin. According to the US stock nasadakera operators, the US-based online retailer Overstock.com, the UK-based world-class businessman Richard brayanasana air service company Virgin Galactic, the popular free blogging platform Wordpress, the popular mobile geimim company Zynga, kamarasa international e-payments website PayPal, American Car manufacturer Tesla Motors, online data Website OkCupid, and the popular torrent site The Pirate Bay is Bitcoin exchange for their services.