Bitcoin – The Digital Money

Bitcoin

In this era where everything is moving towards the Digital Platform, Bitcoin is slowly taking the place of Digital Money exchange. Bitcoin is the first implementation of Cryptocurrency, a form of money that uses cryptography to control its creation and management. Bitcoin protocol was designed by pseudonymous developer or group of developers under the name Satoshi Nakamato . The Bitcoin production will be halved every four years and by 2140 the production will come to a halt. By that time a total of 21 million Bitcoins will be there in circulation. Bitcoins can be transferred through a computer or a smartphone and there is no interference of any finance institution in between. Bitcoins have been accepted by many merchants and individuals in many part of the globe. Wikileaks has started taking donations also in Bitcoin. There is a large fluctuation in the valuation of Bitcoins and if you wonder what the current valuation of Bitcoin is then this is how it currently weighs:-
1 Bitcoin = Approx. 5300 INR