A currency that has spread its footing among the people worldwide and became the first choice for them is a Bit coin. It was first introduced in the year 2009. A man named Satoshi Nakamoto invented this currency. This is a virtual in nature which means a currency that exists in between us but has no physical appearance. It is a kind of crypto currency which is a numeral asset and is created to perform the character of virtual currency interchange to save the transactions on a journal. You can view it publicly. It is a kind of electronic currency in which the system works on online tumbler and peer to peer. You can buy the bit coin from several websites also you can go to howtobuyabitcoin.net this address and buy it. One of the reasons behind the popularity of the bit coin is that it is not handled by any administration. It is also not controlled by any bank or any authority.
Network or online tumbler network system
One can collect and release it from anywhere through peer to peer network or online tumbler network system. Anyone can take or give this virtual currency to anyone through the mediator. The most valuable crypto currency all around the world is a bit coin which is also written as BTC. A bit coin faucet is a compensated scheme that distributes the prize, offer by them to the people that bring in the form of an app or any website. After completing the whole task an individual can get the reward named Satoshi.
The value of Satoshi is one hundred value of a bit coin. A bit coin is a type of electronic cash that founds only on the ledger of the public. We can also say that it is a kind of online cash. Those countries that allow the bit coin for their citizens have a facility for buying the products and services. There are still a few countries that banned this crypto currency for their citizens. An app named with a digital wallet that is stored in your PC or smartphone contains a computer-stored file is a Bit coin. Anyone can send or receive this virtual currency in their digital wallet. Each and every operation went too stored and regularly updated in a public list; this list is known as the Block chain. This block chain creates a statement of bit coin to stop the expenditure done by a person that doesn’t belong to him.