What is bitcoins ! How to work btc

What is bitcoin ? 

Lots of people have asked me about bitcoin That inspired me to make a series about it In which I am going to show you.... lots of videos will come so if you want to know more about bitcoin then subscribe our channel and you will get all the videos gradually in this video I am going to tell you what is bitcoin I have divided this video in 6 sections so if you want to jump on any section you can follow time link in the description so let's begin bitcoin is a virtual and digital currency or you can say it's kind of an internet money you cannot store it in your pocket or wallet because it doesn't have any physical form like a coin or a note you can use bitcoin online only bitcoin is a decentralized currency there is no authority, bank or government to control it it works on peer to peer network and bitcoin users believe in it as a currency and this makes bitcoin as a global currency it was invented by Satoshi Nakamoto in 2008 and since. 

Then it has become a very popular currency let's find out its value at the time of this recording but it doesn't mean you have to buy 1 bitcoin the smallest unit of bitcoin is Satoshi like 1 rupees is equal to 100 paise it means you breaks a bitcoin up to 8 decimal places you can even use 0.0001 bitcoin also it is not necessary to use 1 bitcoin you need a bitcoin wallet to store bitcoin lots of applications, software and cloud-based wallet are available you just need to make an account so let us see use of bitcoin wallet eg: you earn or mine any bitcoin and you have to transfer it to your account then you need an address that will help you to receive bitcoin I will show you how and where to create a bitcoin wallet and the things you require for it before going to Mining first i will tell you that just like every country has a limitation on the no. of notes it can print same case is with bitcoin also new bitcoins come to the market through mining so lets find out what is mining eg: i sent 5 bitcoins to you this transaction is verified and those who verify the transactions are called miners and these miners have high performance computers with high performance GPUs and they verify the transaction using them but what are they verifying? 

 they verify whether the transaction is correct or not is there any cheating or scam in the transaction or not and they get some bitcoins as a reward for mining and this is how bitcoins come into,s the market if you have a havy computer with powerful GPU then you can also mine bitcoin the record shows that the value of bitcoin is continuously increasing since there is no governing authority to control it, many people are using it for illegal purposes like drugs etc because of no governing authority its rate continuously fluctuates, sometimes it goes up and sometimes it goes down like a week ago its value was about INR 80000 and now it is again goes down so because of this it is a bit risky and the second thing is if your account gets hacked then your bitcoin could be lost and then you cannot get it back and no one can help you and the third thing is if you store your bitcoin in hardware and if it gets any trouble then you could loose your bitcoin so these were some information about bitcoin actually, the whole series is coming about bitcoins, and all are How to videos in which I will not only explain