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Bitcoin is probably the first thing that comes to your mind when talking about cryptocurrencies. Created in 2009, it is one of the top cryptocurrencies in the world.
If you are eager to learn about Bitcoin or wish to invest in it, you have come to the right place. This is a brief guide, where we will discuss everything you need to know about Bitcoin.
What is Bitcoin?
Bitcoin can be described as a decentralized digital currency. It happens to be the world’s largest crypto coin in terms of market cap, desirability, and name recognition.
Just so you know Bitcoin was created by a person named Satoshi Nakamoto. However, he left the project without revealing much about his identity.
How does Bitcoin work?
Bitcoin works as a decentralized digital currency. By decentralized we mean that it is not controlled or regulated by any central authority like the government, banks, or financial institutions.
It is a peer-to-peer online currency, which means you can send Bitcoins to other users without needing the help of a middleman – such as a payment mediator or bank.
In today’s world Bitcoins are used to make various transactions. You can use it to clear payments as long as it is accepted by the other party. In other words, it works the same way as traditional currency. You can exchange it for services and products that you purchase.
Bitcoin being on the top, you might be tempted to invest in it. Many investors have already invested in Bitcoin and have received good returns. You can double your profit by choosing Coinstrat’s Dual Investment program.
For those who don’t know Coinstrat is a new digital asset platform that offers an array of services to retail investors. By signing up for their Dual Investment program, you can earn a great passive income. Not only that, but you should also check out the Dual Investment Profit Bonus Program which is available for new customers.
Whether Bitcoin or any other cryptocurrency, investing in digital currencies can get you great returns. Yes, it is a risky market, but if you do things right, you can reap big benefits from it.
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