Have your currency in digital form, create your own world and get freedom from financial firm/institutes or banking system.
World is moving so fast nowadays, this is due to continuous invention and innovation. Technology has created the massive revolution in this era. From Missile to Mobile and computer to currency it is presence in every sphere of human life hence life has been so comfortable. You can’t imagine yourself without technology today. Things may happen tomorrow which you cannot think today. This way science and technology has changed the face of the world.
The most famous word which has been used with technology is ‘digital’ like digital phone, digital camera, digital calculator, digital printer etc. Even different types of currencies are also formed in digital form. Bit coin is one of them among others. So let’s discuss here about digital currency Bit coin.
New revolution has come in the world of finance and global trade after this digital currency Bit Coin’s availability in market. First time it was published in research paper in October 2008. As it is in digital form it cannot be lost, stolen or seized. There is a direct and immediate transfer of value between two people anywhere in the world. There is no any intermediately like Bank, Government or any other finance body to influence it. That’s why there is no any kind of transaction or usage fee. This is way it is world’s first democratic money system. Moreover it can be exchanged in open markets for any other currency.
So this was some basic introduction of Bit coin, now let’s have look into some important features of Bit coin.
It is free open source software and can operates on any computer and smart phone. There is secure transfer and storage. The privacy is extended to reduce identity theft. It cannot be printed or devaluated over time. You can easily buy or sell Bitcoins with e-wallet. There is number of online exchanges also available around the world.
Thus this digital currency has created new way in financial sector and getting identity like common currency for world.