Bitcoin Crosses $19,000,Want To Invest In Bit Coin?

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The cryptocurrency Bitcoin broke all historic records in 2017, and many people believe that it will not only continue this exponential rise, as one day it may replace the currency we have.After the bitcoin broke the $10,000 barrier, a debate took place behind the scenes of Techviral about when to report future cryptocurrency records.



Well, the price of Bitcoin has seen a massive growth this year. According to the reports from CoinBase, the price of Bitcoin jumped to $19,000 recently on Saturday. Right now the price of Bitcoin is trading a little above $19,000.

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What is Bitcoin?

We can refer in generic terms that it is a virtual currency created in 2009, based on the peer-to-peer (P2P) system. P2P is a system that does not provide for centralized authority to control currency or transactions, as with other currencies (for example, the INR. is controlled by the RBI). Instead, money creation and transfers are based on an open-source network in encrypted protocols that form the basis of Bitcoin’s security and freedom, making transactions instantaneous among users.
The invention.
    1
  • Bitcoin is a digital asset and a payment system. It is commonly called a decentralized digital currency.
  • It was invented by Satoshi Nakamoto in 2009.
  • It is an open source software. This means, that no person, company or country owns this network just like no one owns the Internet.
  • The system is peer-to-peer, that is, users can transact directly without an intermediary like a bank, a credit card company or a clearing house.
  • Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain.
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What Is Bitcoin Mining :

    Bitcoin Mining
  • Just like anyone can join the Internet, anyone can help to verify and record payments into the block chain. This process is called mining.
  • In mining, users offer their computing power.
  • Miners are rewarded with newly created bitcoins and transaction fees.
  • Currently, miners receive 12.5 bitcoins every 10 minutes. This halves every 4 years. The next halving will happen in mid-2020.


Zebpay is India’s leading bitcoin exchange. We ensure to implement all necessary steps to keep your wallet safe and secure. This is an attempt to educate you for all possible phishing attacks and scams.


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