But did you know that cryptocurrencies were not made for investment?


The popularity of Cryptocurrencies has increased a lot in the recent past.  Many people were also investing in it.  Now the value of Cryptocurrencies is continuously decreasing.  The reason for this is being told to the Cryptocurrency and Regulation of Official Digital Currency Bill.

 Through this bill, the government is preparing to ban private cryptocurrencies.  This worries many investors.  Questions are also being raised on the future of cryptocurrency in India.  But did you know that cryptocurrencies were not made for investment?  Let us tell you how cryptocurrency was started and what was the reason for its creation.

 Bitcoin is the oldest and most popular cryptocurrency in the world.  This currency is the first choice of many investors.  Year after year it has won the trust of investors.  No one has seen the creator of Bitcoin.  This digital currency was created in 2008.

But did you know that cryptocurrencies were not made for investment?  

 It was released as open source software in the year 2009.  One person or group who created Bitcoin is known as Satoshi Nakamoto.  In 2008 an academic white paper on Bitcoins was uploaded.

 It was titled Bitcoin:

 A Peer-to-Peer Electronic Cash System.  It was said about it that it is a digital currency.  No government will have control over this, nor can the government interfere in it.

 In the year 2009, this software was released and the Bitcoin network was launched.  Today this software is open source and anyone can view or contribute to it.

 Bitcoins works on three principals.  It works on demand and supply, cryptography and decentralized networks.  It is worth noting here that the idea of ​​digital currency was brought after the financial crisis in 2008.

 Bitcoin is the oldest cryptocurrency.

 This digital currency is also used for exchange value of goods and services.  Bitcoins currency works on blockchain technology.  It can be mined or produced through Massive Computing System.

 However, this is a very technical process and it requires heavy power supply along with internet.  One reason for its high value is that Bitcoin is available only in limited amounts.  Now many companies have started accepting payment in Bitcoin.

Previous articleHow to show yourself offline even though you are online on
Next article What is bitcoin mining?
नमस्कार दोस्तों मेरा नाम है RAJAN GOND और मैं इस ब्लॉग पर make money online, blogging, youtube, social media and most important information टेक्नोलॉजी और डेली न्यूज़ से रिलेटेड पोस्ट अपलोड करता हूं और आपको अच्छी जानकारी देने की हर रोज कोशिश करता हूं मैं 12th class में ग्रेजुएशन करता हूं और मैं ऑनलाइन क्लासेस करके कुछ नया सीखता हूं और आपके लिए भी कुछ नया लेकर आता हूं



Please enter your comment!
Please enter your name here