What is Bitcoin and Cryptocurrency How do it Work, Use & Exchange Into Money

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What are Bitcoins and Cryptocurrency How do it work

What are Bitcoins and Cryptocurrency How do it work
Latest Updated On 17/08/2019

What Are Bitcoins?

Bitcoins are digital currency, otherwise known as ‘cryptocurrency’. Bitcoins are a form of digital public money that is created by painstaking mathematical computations and policed by millions of computer users called ‘miners’.

(बिटकॉइन एक आभासी मुद्रा यानि वर्चुअल करेंसी (Virtual Currency) है, अन्यथा ‘cryptocurrency’ के रूप में जाना जाता है आप केवल ऑनलाइन खरीददारी (Online Shopping) और लेनदेन के लिए इसका इस्तेमाल कर सकते हैं। इसे माइनिंग (Mining) द्वारा कमाया जाता है और इसे स्टोर करने के लिये बिटकॉइन वॉलेट (Bitcoin Wallet) की आवश्यकता होती है,)

What is Cryptography ( क्रिप्टोग्राफी क्या है)

क्रिप्टोग्राफी एक प्रकार का कूट-लेखन (encode) है यानि जिसमें भेजे गये संदेश या बिटकॉइन या जानकारी को सांकेतिक शब्दों में बदलना होता है, जिससे उसे भेजने वाला या रिसिव करने वाला ही पढ जायें या खोल पायें, उदाहरण के लिये आपमें से जो लोग स्टेनोग्राफी (stenography) का एग्जाम (exam) की तैयारी कर रहे होगें उन्होंने शॉर्टहैंड (Shorthand) जरूर सीखा होगा, इसमें भी एेसा ही होता है कि आप शब्दों को अपने हिसाब से संकेतों में बदल देते हैं, जिससे या तो आप ही उसे पढ पाते हैं या दूसरा कोई व्यक्ति जो शॉर्टहैंड जानता हो, कुछ इसी तरह होती है क्रिप्टोग्राफी, इसमें भी बिटकॉइन के भुगतान हेतु कूट-लेखन द्वारा सुरक्षित किया जाता है।

The basics for a new user As a new user

you can get started with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once.

Important point About Bitcoin
  1. You can send money anywhere and it will arrive minutes later, as soon as the bitcoin network processes the payment
  2. When your bitcoins are sent, there’s no getting them back, unless the recipient returns them to you.
  3. Well, kind of. Users can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other personally identifying information. Can say Here User Is Anonymous.
  4. Bitcoins are not created by any central bank, nor regulated by any government
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