Bitcoin, The worldest most valuable currency .
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How much Bitcoin do know about bitcoin? Bitcoin is the most valuable currency in the world. Bitcoin is a Cryptocurrency is now widely used all over the world. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer to peer and transactions take place between users directly through the use of cryptography, without an intermediary.These transactions are verified by network nodes and recorded in an immutable public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the some poeple and released as open-source software in 2009. The present valaue of
Bitcoin is 1 Bitcoin=$16,777,and 1 Bitcoin=BDT. 1384102.5.
Cryptocurrency bitcoin is now soared to US$16,777 on Thursday, reaching a market capitalization of $274 billion, according to Bloomberg's composite of exchanges. That was up from just $10,000 last week, and up some 1,500 percent from the beginning of 2017.
The latest price increases have come as bitcoin increasingly has been recognized as a legitimate form of currency.The Commodity Futures Trading Commission (CFTC) last week announced that it would allow the trading of bitcoin derivatives on the CME Group and CBOE Global Market exchanges.
The CFTC's move makes it easier for investors to buy and sell bitcoins at a future date at a pre-agreed rate.
However, investors should be aware of a potentially high level of volatility with the currency, the agency warned.
Bitcoin was introduced as a decentralized digital currency in early 2009. Its system works without a central repository or single administrator; transactions between users take place directly through the use of a cryptography. Transactions are verified on network nodes and recorded in a public ledger, or blockchain.
Bitcoin's exact origin is still somewhat mysterious. It was invented by an unknown person, known only as "Satoshi Nakamoto," and released as an open source platform. There are about 10 million user of this currency. It is now considered that Bitcoin is more worth than Diamonod.But keep in mind that is a virtual currency it doesn't have phygical existance.
(Source:TechNewsWorld; Wikipedia)
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