Response Magic
Bitcoin is a currency that exists on the Internet where it was created. It’s purpose was to provide a secure alternative to cash as a medium of exchange. However,, bitcoin is not a fiat controlled which means it is not controlled by the banks or can be manipulated by the governments of the world. As such, it is viewed with suspicion by the banking system. Irrespective of that…
the blockchain is being looked at by the banks with interest as a more secure way for their transactions. Coincidentally, Bitcoin goes with blockchain and mining bitcoin is the authentication of records on the blockchain. And the blockchain is INTERNET 3.0
Cryptocurrency or bitcoin really serves the need of the Internet generation. And, once again, it does not belong to any government and is not controlled by any bank.
What it really is…
To use bitcoin you will have to access a bitcoin wallet and this is an app that you carry on your smartphone, tablet or computer. You can download an app from an app store or sign up with Coinbase or Exmo to get a FREE Bitcoin Wallet. Once you have a bitcoin wallet you can start using bitcoin just like you would use cash and all you have to do is send a text message to make or receive payment. Interestingly,
Free Bitcoin Wallet is possible
The Bitcoin Mystery explained…
Bitcoin is not a company; a product or a service. It is an internet command or algorithm; a method of communication just like we would use email or the internet. And fortunately…
#Btc does not belong to anyone. It is a shared public good on the internet. As such, bitcoin is a digital currency and payment system. It’s open source –meaning that it’s controlled collectively by the participants in the network. As a matter of fact…
