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class="search_wrapper"></div></div></div></div></div></header></div><div id="Content"><div class="content_wrapper clearfix"><div class="sections_group"><div class="entry-content" itemprop="mainContentOfPage"><div class="section the_content has_content"><div class="section_wrapper"><div class="the_content_wrapper"><div data-vc-full-width="true" data-vc-full-width-init="false" data-vc-stretch-content="true" class="vc_row wpb_row vc_row-fluid vc_custom_1560602186038 vc_row-has-fill"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner"><div class="wpb_wrapper"><div class="wpb_text_column wpb_content_element " ><div class="wpb_wrapper"><h1 class="vc_custom_heading" style="text-align: center; font-family: Lato; font-style: normal; font-size: 41px; line-height: 32px; font-weight: bold;"><span style="color: #e7a616;">ALL ABOUT BITCOIN</span></h1></div></div></div></div></div></div><div class="vc_row-full-width vc_clearfix"></div><div class="vc_row wpb_row vc_row-fluid vc_custom_1700811219088"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner"><div class="wpb_wrapper"><div class="wpb_raw_code wpb_content_element wpb_raw_html" ><div class="wpb_wrapper"><div class="tradingview-widget-container"><div class="tradingview-widget-container__widget"></div><div class="tradingview-widget-copyright"><a href="https://in.tradingview.com/symbols/BTCUSD/?exchange=CRYPTO" rel="noopener" target="_blank"><span class="blue-text">Bitcoin price</span></a> by TradingView</div> <script defer type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-symbol-overview.js">{ "symbols": [ [ "CRYPTO:BTCUSD|1D" ], [ "CRYPTO:FUNUSD|1D" ] ], "chartOnly": false, "width": 1000, "height": 500, "locale": "in", "colorTheme": "dark", "autosize": false, "showVolume": true, "showMA": false, "hideDateRanges": false, "hideMarketStatus": false, "hideSymbolLogo": false, "scalePosition": "right", "scaleMode": "Normal", "fontFamily": "-apple-system, BlinkMacSystemFont, Trebuchet MS, Roboto, Ubuntu, sans-serif", "fontSize": "10", "noTimeScale": false, "valuesTracking": "1", "changeMode": "price-and-percent", "chartType": "area", "maLineColor": "#2962FF", "maLineWidth": 1, "maLength": 9, "lineWidth": 2, "lineType": 0 }</script> </div></div></div></div></div></div></div><div data-vc-full-width="true" data-vc-full-width-init="false" class="vc_row wpb_row vc_row-fluid vc_custom_1683541366608 vc_row-has-fill"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner vc_custom_1700811263526"><div class="wpb_wrapper"><h2 style="font-size: 36px;text-align: left;font-family:Lato;font-weight:700;font-style:normal" class="vc_custom_heading vc_custom_1726825150968" >WHAT IS BITCOIN?</h2><div class="wpb_text_column wpb_content_element vc_custom_1706697837443" ><div class="wpb_wrapper"><p style="color: #ffffff; text-align: left;">As its inventor Satoshi Nakamoto described it, bitcoin is a peer-to-peer electronic cash system. It is a decentralized digital currency without a central administrator, bank or controlling authority. It can be sent or received on an international peer-to-peer network without the need for middlemen or intermediaries.</p><p style="color: #ffffff; text-align: left;">It is denoted by the symbol BTC, and the bitcoin value is the highest of any cryptocurrency in the world. However, it’s important to understand <a href="https://freebitco.in/site/bitcoin">bitcoin</a> isn’t just a form of currency; it is a payment system that allows users to send verifiable payments to each other electronically and in a secure manner, without the presence of a central authority. All transactions are stored in a public ledger called the “blockchain” which contains all transactions ever processed on the bitcoin network.</p><p style="color: #ffffff; text-align: left;">Released as open-source software in 2009, Bitcoin is often credited as the world’s first cryptocurrency and is best defined as a digital currency that only exists electronically. Bitcoin is decentralized, meaning it doesn’t have a central issuing authority or political institution that controls the amount of bitcoin in circulation. But the Bitcoin platform is far from anarchy.</p></div></div><div class="vc_row wpb_row vc_inner vc_row-fluid vc_custom_1706697812397"><div class="wpb_column vc_column_container vc_col-sm-6"><div class="vc_column-inner"><div class="wpb_wrapper"><h2 style="font-size: 36px;text-align: left;font-family:Lato;font-weight:700;font-style:normal" class="vc_custom_heading vc_custom_1726825162480" >HOW DOES BITCOIN WORK?</h2><div class="wpb_text_column wpb_content_element vc_custom_1706697831393" ><div class="wpb_wrapper"><p style="color: #ffffff; text-align: left;">In order to understand what bitcoin really is, it’s necessary to understand how it really works, and in order to understand that, let’s take a look at the characteristics of the popular cryptocurrency that differentiates it from digital versions of the traditional forms of currency (dollars, pounds etc.) or “fiat currency:”</p></div></div></div></div></div><div class="wpb_column vc_column_container vc_col-sm-6"><div class="vc_column-inner"><div class="wpb_wrapper"><div class="wpb_raw_code wpb_content_element wpb_raw_html" ><div class="wpb_wrapper"><div class="tradingview-widget-container"><div class="tradingview-widget-container__widget"></div><div class="tradingview-widget-copyright"><a href="https://in.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script defer type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-technical-analysis.js">{ "interval": "1D", "width": "425", "isTransparent": false, "height": "450", "symbol": "CRYPTO:BTCUSD", "showIntervalTabs": true, "displayMode": "single", "locale": "in", "colorTheme": "dark" }</script> </div></div></div></div></div></div></div><h2 style="font-size: 36px;text-align: left;font-family:Lato;font-weight:700;font-style:normal" class="vc_custom_heading vc_custom_1726825171888" >Bitcoin's Special Characteristics</h2><div class="wpb_text_column wpb_content_element vc_custom_1706697853703" ><div class="wpb_wrapper"><p style="color: #ffffff; text-align: left;"><strong>Decentralization</strong></p><p style="color: #ffffff; text-align: left;">No one controls the bitcoin network. The network is maintained by a group of coders and run by a dedicated and distributed open-network of computers that spans the entire world. Banks and financial institutions are responsible for maintaining the integrity of transactions when it comes to digital fiat currencies, but in the case of bitcoins, the distributed open-network does that job.</p><p style="color: #ffffff; text-align: left;"><strong>Limited Supply</strong></p><p style="color: #ffffff; text-align: left;">Electronic versions of fiat currencies are the same as the physical ones: they have an unlimited supply. Banks control the influx of these currencies and their values relative to other currencies. Bitcoin is completely different: only 21 million bitcoins can ever be created. The algorithm that runs the cryptocurrency issues a small amount of new bitcoins every hour, and will continue to do so at diminishing rates until the 21 million cap is reached.</p><p style="color: #ffffff; text-align: left;"><strong>Micro-transactions</strong></p><p style="color: #ffffff; text-align: left;">The smallest unit of a dollar is a cent, which is 1/100th of a dollar. Do you know the smallest unit of a bitcoin? It’s called a Satoshi, and its value is 0.00000001 BTC or 1/100000000th of a bitcoin. This opens up opportunities for micro-transactions that are not possible with electronic fiat currencies like the dollar.</p></div></div><div class="wpb_raw_code wpb_content_element wpb_raw_html" ><div class="wpb_wrapper"><div class="tradingview-widget-container"><div class="tradingview-widget-container__widget"></div><div class="tradingview-widget-copyright"><a href="https://in.tradingview.com/symbols/BTCUSD/?exchange=CRYPTO" rel="noopener" target="_blank"><span class="blue-text">Bitcoin rates</span></a> by TradingView</div> <script defer type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-symbol-info.js">{ "symbol": "CRYPTO:BTCUSD", "width": "100%", "locale": "in", "colorTheme": "dark", "isTransparent": false }</script> </div></div></div><h2 style="font-size: 36px;text-align: left;font-family:Lato;font-weight:700;font-style:normal" class="vc_custom_heading vc_custom_1726825184208" >WHAT IS A BITCOIN MINER?</h2><div class="wpb_text_column wpb_content_element vc_custom_1706697866012" ><div class="wpb_wrapper"><p style="color: #ffffff; text-align: left;">As much as cryptocurrency mining was originally designed to be something everyone could do with their home computer, those days are long gone. Today, whether you’re mining Bitcoin, Litecoin, DASH, or a host of other cryptocurrencies — the most effective way to do so is with a piece of hardware known as an ASIC miner.</p><p style="color: #ffffff; text-align: left;">It’s not a desktop PC or a dedicated graphics card mining rig — it’s something else. Application specific integrated circuits, or ASICs, are chips that are designed with a singular purpose, ranging from audio processing to managing a cellphone call. In the case of cryptocurrency mining though, these chips are built into specifically-designed motherboards and power supplies, constructed into a single unit. It’s not just a purpose built machine though, it’s purposely designed and developed hardware right down to the chip level.</p></div></div><h2 style="font-size: 36px;text-align: left;font-family:Lato;font-weight:700;font-style:normal" class="vc_custom_heading vc_custom_1726825189929" >HOW TO GET STARTED WITH BITCOIN?</h2><div class="wpb_text_column wpb_content_element vc_custom_1706697871379" ><div class="wpb_wrapper"><p style="color: #ffffff; text-align: left;">Mining isn’t the only way to obtain bitcoins though; there are several ways to get started with BTC. The most common way is to just pick the right time and buy Bitcoin from a reputed cryptocurrency exchange. You need to equip yourself with a bitcoin wallet where you can store these bitcoins.</p><p style="color: #ffffff; text-align: left;">If you are apprehensive about buying BTC, and you’d like to test out the waters first, you can just sign up to a website that gives away <a href="https://freebitco.in/">free bitcoin</a>, also known as a bitcoin faucet. This is a good way to learn more about the biggest and oldest cryptocurrency in the world.</p></div></div><h2 style="font-size: 36px;text-align: left;font-family:Lato;font-weight:700;font-style:normal" class="vc_custom_heading vc_custom_1726825202129" >WHAT IS BITCOIN WORTH?</h2><div class="wpb_text_column wpb_content_element vc_custom_1706697876891" ><div class="wpb_wrapper"><p style="color: #ffffff; text-align: left;">The bitcoin price experienced volatile up-and-down movement from 2009 to 2017, when the bitcoin value rose to a massive $20,000 at the end of 2017, before 2018 saw it plummet to lower than $4,000. Now, experts predict that the price of bitcoin could touch as high as $50,000 by the end of 2020. Well, we can just wait and watch. If you’d like to know what is a bitcoin worth in your country’s currency, here’s a bitcoin <a href="https://freebitco.in/site/cryptocurrency/bitcoin/converter/">price calculator</a> to help you out.</p></div></div></div></div></div></div><div class="vc_row-full-width vc_clearfix"></div><div class="vc_row wpb_row vc_row-fluid dnone vc_custom_1683540939264"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner"><div class="wpb_wrapper"><div class="wpb_text_column wpb_content_element " ><div class="wpb_wrapper"> Currency: <select class="bitcoin-chart-currency-selection"><option selected value="USD">USD - United States Dollar</option><option value="GBP">GBP - British Pound Sterling</option><option value="EUR">EUR - Euro</option><option value="CNY">CNY - Chinese Yuan</option><option value="AUD">AUD - Australian Dollar</option><option value="CAD">CAD - Canadian Dollar</option><option value="AED">AED - United Arab Emirates Dirham</option><option value="AFN">AFN - Afghan Afghani</option><option value="ALL">ALL - Albanian Lek</option><option value="DZD">DZD - Algerian Dinar</option><option value="AOA">AOA - Angolan Kwanza</option><option value="ARS">ARS - Argentine Peso</option><option value="AMD">AMD - Armenian Dram</option><option value="AWG">AWG - Aruban Florin</option><option value="AZN">AZN - Azerbaijani Manat</option><option value="BSD">BSD - Bahamian Dollar</option><option value="BHD">BHD - Bahraini Dinar</option><option value="BDT">BDT - Bangladeshi Taka</option><option value="BBD">BBD - Barbadian Dollar</option><option value="BYR">BYR - Belarusian Ruble</option><option value="BZD">BZD - Belize Dollar</option><option value="BMD">BMD - Bermudan Dollar</option><option value="BTN">BTN - Bhutanese Ngultrum</option><option value="BTC">BTC - Bitcoin</option><option value="XBT">XBT - Bitcoin</option><option value="BOB">BOB - Bolivian Boliviano</option><option value="BAM">BAM - Bosnia-Herzegovina Convertible Mark</option><option value="BWP">BWP - Botswanan Pula</option><option value="BRL">BRL - Brazilian Real</option><option value="BND">BND - Brunei Dollar</option><option value="BGN">BGN - Bulgarian Lev</option><option value="BIF">BIF - Burundian Franc</option><option value="KHR">KHR - Cambodian Riel</option><option value="CVE">CVE - Cape Verdean Escudo</option><option value="KYD">KYD - Cayman Islands Dollar</option><option value="XOF">XOF - CFA Franc BCEAO</option><option value="XAF">XAF - CFA Franc BEAC</option><option value="XPF">XPF - CFP Franc</option><option value="CLP">CLP - Chilean Peso</option><option value="CLF">CLF - Chilean Unit of Account (UF)</option><option value="COP">COP - Colombian Peso</option><option value="KMF">KMF - Comorian Franc</option><option value="CDF">CDF - Congolese Franc</option><option value="CRC">CRC - Costa Rican Colón</option><option value="HRK">HRK - Croatian Kuna</option><option value="CUP">CUP - Cuban Peso</option><option value="CZK">CZK - Czech Republic Koruna</option><option value="DKK">DKK - Danish Krone</option><option value="DJF">DJF - Djiboutian Franc</option><option value="DOP">DOP - Dominican Peso</option><option value="XCD">XCD - East Caribbean Dollar</option><option value="EGP">EGP - Egyptian Pound</option><option value="ERN">ERN - Eritrean Nnakfa</option><option value="EEK">EEK - Estonian Kroon</option><option value="ETB">ETB - Ethiopian Birr</option><option value="FKP">FKP - Falkland Islands Pound</option><option value="FJD">FJD - Fijian Dollar</option><option value="GMD">GMD - Gambian Dalasi</option><option value="GEL">GEL - Georgian Lari</option><option value="GHS">GHS - Ghanaian Cedi</option><option value="GIP">GIP - Gibraltar Pound</option><option value="XAU">XAU - Gold (troy ounce)</option><option value="GTQ">GTQ - Guatemalan Quetzal</option><option value="GNF">GNF - Guinean Franc</option><option value="GYD">GYD - Guyanaese Dollar</option><option value="HTG">HTG - Haitian Gourde</option><option value="HNL">HNL - Honduran Lempira</option><option value="HKD">HKD - Hong Kong Dollar</option><option value="HUF">HUF - Hungarian Forint</option><option value="ISK">ISK - Icelandic Króna</option><option value="INR">INR - Indian Rupee</option><option value="IDR">IDR - Indonesian Rupiah</option><option value="IRR">IRR - Iranian Rial</option><option value="IQD">IQD - Iraqi Dinar</option><option value="ILS">ILS - Israeli New Sheqel</option><option value="JMD">JMD - Jamaican Dollar</option><option value="JPY">JPY - Japanese Yen</option><option value="JEP">JEP - Jersey Pound</option><option value="JOD">JOD - Jordanian Dinar</option><option value="KZT">KZT - Kazakhstani Tenge</option><option value="KES">KES - Kenyan Shilling</option><option value="KWD">KWD - Kuwaiti Dinar</option><option value="KGS">KGS - Kyrgystani Som</option><option value="LAK">LAK - Laotian Kip</option><option value="LVL">LVL - Latvian Lats</option><option value="LBP">LBP - Lebanese Pound</option><option value="LSL">LSL - Lesotho Loti</option><option value="LRD">LRD - Liberian Dollar</option><option value="LYD">LYD - Libyan Dinar</option><option value="LTL">LTL - Lithuanian Litas</option><option value="MOP">MOP - Macanese Pataca</option><option value="MKD">MKD - Macedonian Denar</option><option value="MGA">MGA - Malagasy Ariary</option><option value="MWK">MWK - Malawian Kwacha</option><option value="MYR">MYR - Malaysian Ringgit</option><option value="MVR">MVR - Maldivian Rufiyaa</option><option value="MTL">MTL - Maltese Lira</option><option value="MRO">MRO - Mauritanian Ouguiya</option><option value="MUR">MUR - Mauritian Rupee</option><option value="MXN">MXN - Mexican Peso</option><option value="MDL">MDL - Moldovan Leu</option><option value="MNT">MNT - Mongolian Tugrik</option><option value="MAD">MAD - Moroccan Dirham</option><option value="MZN">MZN - Mozambican Metical</option><option value="MMK">MMK - Myanma Kyat</option><option value="NAD">NAD - Namibian Dollar</option><option value="NPR">NPR - Nepalese Rupee</option><option value="ANG">ANG - Netherlands Antillean Guilder</option><option value="TWD">TWD - New Taiwan Dollar</option><option value="NZD">NZD - New Zealand Dollar</option><option value="NIO">NIO - Nicaraguan Córdoba</option><option value="NGN">NGN - Nigerian Naira</option><option value="KPW">KPW - North Korean Won</option><option value="NOK">NOK - Norwegian Krone</option><option value="OMR">OMR - Omani Rial</option><option value="PKR">PKR - Pakistani Rupee</option><option value="PAB">PAB - Panamanian Balboa</option><option value="PGK">PGK - Papua New Guinean Kina</option><option value="PYG">PYG - Paraguayan Guarani</option><option value="PEN">PEN - Peruvian Nuevo Sol</option><option value="PHP">PHP - Philippine Peso</option><option value="PLN">PLN - Polish Zloty</option><option value="QAR">QAR - Qatari Rial</option><option value="RON">RON - Romanian Leu</option><option value="RUB">RUB - Russian Ruble</option><option value="RWF">RWF - Rwandan Franc</option><option value="SHP">SHP - Saint Helena Pound</option><option value="SVC">SVC - Salvadoran Colón</option><option value="WST">WST - Samoan Tala</option><option value="STD">STD - São Tomé and Príncipe Dobra</option><option value="SAR">SAR - Saudi Riyal</option><option value="RSD">RSD - Serbian Dinar</option><option value="SCR">SCR - Seychellois Rupee</option><option value="SLL">SLL - Sierra Leonean Leone</option><option value="XAG">XAG - Silver (troy ounce)</option><option value="SGD">SGD - Singapore Dollar</option><option value="SBD">SBD - Solomon Islands Dollar</option><option value="SOS">SOS - Somali Shilling</option><option value="ZAR">ZAR - South African Rand</option><option value="KRW">KRW - South Korean Won</option><option value="XDR">XDR - Special Drawing Rights</option><option value="LKR">LKR - Sri Lankan Rupee</option><option value="SDG">SDG - Sudanese Pound</option><option value="SRD">SRD - Surinamese Dollar</option><option value="SZL">SZL - Swazi Lilangeni</option><option value="SEK">SEK - Swedish Krona</option><option value="CHF">CHF - Swiss Franc</option><option value="SYP">SYP - Syrian Pound</option><option value="TJS">TJS - Tajikistani Somoni</option><option value="TZS">TZS - Tanzanian Shilling</option><option value="THB">THB - Thai Baht</option><option value="TOP">TOP - Tongan Pa?anga</option><option value="TTD">TTD - Trinidad and Tobago Dollar</option><option value="TND">TND - Tunisian Dinar</option><option value="TRY">TRY - Turkish Lira</option><option value="TMT">TMT - Turkmenistani Manat</option><option value="UGX">UGX - Ugandan Shilling</option><option value="UAH">UAH - Ukrainian Hryvnia</option><option value="UYU">UYU - Uruguayan Peso</option><option value="UZS">UZS - Uzbekistan Som</option><option value="VUV">VUV - Vanuatu Vatu</option><option value="VEF">VEF - Venezuelan Bolívar Fuerte</option><option value="VND">VND - Vietnamese Dong</option><option value="YER">YER - Yemeni Rial</option><option value="ZMW">ZMW - Zambian Kwacha</option><option value="ZMK">ZMK - Zambian Kwacha (pre-2013)</option><option value="ZWL">ZWL - Zimbabwean Dollar</option></select><div class="single-content xbtindex"><a id="bitcoinnews-logo-container" target="_blank" href="https://bitcoinnews.ch" title="BitcoinNews.ch"><img class="lazy lazy-hidden" decoding="async" id="bitcoinnews-logo" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" data-lazy-type="image" data-lazy-src="https://lwcdn.freebitco.in/wp-content/plugins/realtime-bitcoin-chart//images/bitcoinschweiz.png" /><noscript><img decoding="async" id="bitcoinnews-logo" src="https://lwcdn.freebitco.in/wp-content/plugins/realtime-bitcoin-chart//images/bitcoinschweiz.png" /></noscript></a><div id="xbtindex-chart" class="chart"><div id="loadingBall"><div class="loadingBall">Loading Chart…</div></div></div> <script defer src="data:text/javascript;base64,IA=="></script> <div class="below-price-chart"><div></div></div></div><div id="cdbpidata"> 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data-lazy-src="https://lwcdn.freebitco.in/wp-content/uploads/2024/11/Bitfinity-Network-img-960x500.png" class="lazy lazy-hidden scale-with-grid wp-post-image" alt="Bitfinity-Network-img" /><noscript><img loading="lazy" decoding="async" width="960" height="500" src="https://lwcdn.freebitco.in/wp-content/uploads/2024/11/Bitfinity-Network-img-960x500.png" class="scale-with-grid wp-post-image" alt="Bitfinity-Network-img" /></noscript></a></div><div class="desc"><h5><a href="https://freebitco.in/site/blogs/bitcoin/bitfinity-network-launches-bitcoin-layer-2-solution/">Bitfinity Network Launches Bitcoin Layer-2 Solution with $12 Million in Funding</a></h5><div class="desc_footer"><span class="date"><i class="far fa-clock"></i> November 19, 2024</span><div class="button-love"></div></div></div></li><li class="post-28699 post type-post status-publish format-standard has-post-thumbnail hentry category-bitcoin tag-bitcoin tag-bitcoin-etf tag-btc"><div class="photo"><a 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