1. Bitcoin Technology
You might have heard of the word Bitcoin in the internet because of its
sheer popularity among people who constantly deal with money. But what
exactly is Bitcoin and why is everyone fascinated by it?
Bitcoin is the first ever decentralized currency. It means that you are now able to
send ‘digital money’ through your network! Isn’t that convenient?
Compared to other money sending technologies, Bitcoin transfers the
money from person to person. It means that no bank, clearing house or bridging
agent is required. Money is directly handed from the sender to the receiver as
long as they also have a Bitcoin account. This means that the fees are much lower
compared to centralized money sending companies.
What’s more, because of its flexibility, your account cannot be frozen or be
subjected to any arbitrary limits. This gives the user more opportunities to spend
their money, the way they want it. That’s one of the reasons why almost everyone
becomes a patron of the service.
What’s surprising is, the way it works is very easy! Think of the market as a
place where many currencies exists like the US Dollar, Euro, Yen and many more.
Sometimes, the exchange rate can be tricky and you might find yourself
disorganized with the complexities of all the conversions. What Bitcoin does is it
keeps a separate currency of your money stored in the convenience of your
mobile devices. Sending money is as easy as sending an email. In addition to that,
you can purchase anything with your Bitcoin! But you might be thinking- is it
secured?
The answer is yes. Its network is designed to have a security feature called
miners which smartly verify transactions of each users so as to ensure validity and
correctness. It is encrypted using a high level programming module so as to
maintain the degree of confidence of its consumers. After they are verified, the
transactions are recorded on a publicly transparent ledger wherein people can

2. see the flow of their transactions. In short, everything is taken into account so you
can always be sure with Bitcoin!
Evidently, Bitcoin is a technological innovation. It is open source so
everyone can review what it contains. (May it be developers or software auditors).
It allows everyone to have an easy access to a global community. With that, a
smorgasbord of great ideas will flourish. It gives business a platform where fees
are minimal but profit is huge!
What’s also great is, it doesn’t cost to start a Bitcoin account! It’s free of
charge to sign up! Plus, it is very easy to set up. It has no hidden charges and
whatsoever.
According to Leon Louw,"Every informed person needs to know about
Bitcoin because it might be one of the world's most important developments."
There are many bitcoin websites that you can use to jumpstart your Bitcoin
experience. However, there are some that are better than the others. One of the
most reliable among the bunch is the Bitcoin Norway website. It offers the most
up-to-date figures in the dynamic Bitcoin market as well as a comprehensive
transaction history so you can never miss out on the fluid state of money
business. One of the most astounding features of this website is the graph
wherein you can interactively browse the current trends in the prices. For
someone who wants to see the latest bids, this website has got the right tools for
you!
Truth be told, you can now start taking advantage with the economic rise
of e-Business in a new innovative way. It’s time for you to start it too and who
knows, you might just become the next millionaire