About Bitcoin- Bitcoin is the currency of the Internet

About Bitcoin 
 
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Nakamoto introduced the idea on 31 October 2008 to a cryptography mailing list, and released it as open-source software in 2009. There have been several high profile claims to the identity of Satoshi Nakamoto; however, none of them have provided proof beyond doubt that back up their claims.

More Info See Bitcoin Official : Bitcoin.org

Earn free Bitcoins daily in internet

What is Bitcoins?

Bitcoins in its pure essence is money. It is digital currency that serves the same functions and purposes as money. You can buy anything by using Bitcoins, even you can make online purchases and complete your transaction by paying as Bitcoins.
Here are some Benefits of bitcoins:

Freedom

• Once can send and receive money from anyone in the world
• No bank approvals needed
• No border or exchange restrictions
• Bitcoin gives you full control of your money

Low fees

• Bitcoin transactions run on a distributed peer-to-peer network
• Computerized Work so No Employees needed
• Hence, less transaction fee

Secure

• Mathematically secured
• Impossible to fake
• Transactions are irreversible and do not disclose any personal information

Uses of Bitcoins?

You can use Bitcoins to buy almost anything today, including flight tickets, rent hotel rooms, buy pizza and food related stuffs and more. It reduces the hectic process related to currency conversion between different countries in the world.

You can use Bitcoins to purchase anything in US, UK, Singapore, Malaysia and many more countries with Bitcoins. While doing so, there is no need to convert Indian Rupee into US Dollars or EURO or Singapore Dollar or Malaysian Ringgit, directly you can purcahse using bitcoins.You do not need to convert your country currency to other country currency for purchasing.

Payments are straight forward using a wallet application. A wallet application is software similar to your online banking account where you can hold your Bitcoins
Bitcoin
0.00000001 ฿ = 1 Satoshi
0.00000100 ฿ = 1 μBTC (microbitcoin)
0.00100000 ฿ = 1 mBTC (millibitcoin)
0.01000000 ฿ = 1 cBTC (centibitcoin)
1.00000000 ฿ = 1 BTC (bitcoin)