What the hell is Bitcoin?

So, while there are dollars, pounds, euros and rupees which are accepted in a specific set of countries. There is one type of currency which is becoming popular and widely accepted than some of these currencies mentioned here – bitcoin. Listen to the podcast to understand what is Bitcoin, Why Bitcoin and everything revolving bitcoins.

Topic in short:

The first question is what is bitcoin? Bitcoin is a new digital currency that was created in 2009 by a person named Satoshi Nakamoto. Transactions are made with no banks! No single institution controls the bitcoin network. There are no transaction fees and no need to give your real name and account. This puts some people at ease, because it means that a large bank can’t control their money.

Why should we go for bitcoins? While there are a lot of reasons for people to chose using bitcoins over other currency or transaction methods, the ones which stand out are the facts that bitcoins can be used anonymously, that there are no transaction fees on bitcoins and that bitcoins makes international transfers easy and cheap

We know that you have a lot of other questions in your mind like How much is the bitcoin worth, how does bitcoins work and if you knew about bitcoins already, you might want to know what bitcoin mining is. So go back up and listen to the podcast and let us know if all your questions were answered.

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