What is bitcoin?
Who owns bitcoin and which country bitcoin is the currency of, along with how it works and how you can invest in bitcoin. In the olden days, when there was no cash, merchants and moneylenders used tokens, which would have been a kind of letter. It was a piece of paper by showing that goods could be bought.
Then, keeping in view the future needs, it could also be kept with you, even after the arrival of banks, this type of non-monetary transaction continued in the society. In the 1980s, digital currency transactions began for the first time instead of this piece of paper. Later, when the encryption algorithm RSA was expanded, American cryptographer David Chom invented the first Internet money in the Netherlands under the name DG Cash.
When this great new technology caught people's attention, Microsoft company offered Cham's company $180 million to put DG cases in every computer it made. There was a storm in digital cash technology when many startup companies of the world started transferring money with this technology, merchants liked this method more because the money transaction here was done without any interruption and quickly.
In 1990, the PayPal company created by Elon Musk started Peer to Pour money transfer, where any person and businessman around the world could send money from one place to another without any interruption through computer, this way to merchants Loved it and they adopted peer to peer money transfer system for payment as it was more secure than paying money in case.
But even no one thought about cryptocurrency, although crypto technology had started, but interest in this technology was only after the US recession of 2008. started thinking about. After that bitcoin was introduced in January 2009. Let us see who started bitcoin.
Who owns bitcoin The person named Satoshi Nakamoto is known as the owner of bitcoin and it is said that bitcoin was started by the Japanese man Satoshi Nakamoto on 9 January 2009. But no one knows who is Satishi Nakamiti in reality and where she lives, only it is speculated that she is hiding in a city in Japan.
Ever since the beginning of bitcoin, Satoshi Nakamoto is considered the inventor of bitcoin, but no one knows anything about him, where his family is, no one knows things like when he was born. Even according to a belief, he is considered to be Japanese, but still no one can say that the person named Satoshi Nakamoto is a Japanese person or that he started bitcoin.
Many people believe that Satoshi Nakamoto is not the name of one person, but it is a group, who worked together on cryptocurrency and started bitcoin. Was doing research and this group further introduced the mobile bitcoin and many more cryptocurrencies.
The person named Ratoshi Nakamoto has been told that 42 years on the Internet, but there is no proof available for this. Bitcoin is as mysterious as Satoshi Nakamoto is as mysterious. No one knows about the inventor of the bitcoin which is most commonly used in the name of crypto currency, which made big investors rich.
In October 2008, a few months before the launch of bitcoin, a person named Satoshi Nakamoto wrote a letter on a website called Maths Bout, explaining cryptography techniques and making people aware of the benefits of bitcoin there. The title of this article was the bitcoin near-peer electronic system. A few months after this, bitcoin was introduced, and initially the first version of bitcoin was Elastic.
After the arrival of bitcoin, when its identity slowly started increasing, along with it many other cryptocurrencies also entered the market. And people are investing more in cryptocurrencies.
Which country's currency is bitcoin?
Bitcoin is a cryptocurrency working on a technology called blockchain, if the assumption is correct that bitcoin was started by a Japanese person named Satoshi Nakamoto, then we can say that bitcoin is the cryptocurrency of Japan country because it started in the country of Japan. But this assumption is not 100% correct.
Therefore we cannot assume that bitcoin is a cryptocurrency associated with any country, although cryptocurrency cannot be associated with any country. Currency has been discovered but no country can own cryptocurrency.
How does bitcoin work?
Blockchain is a cloud best technology. In blockchain, data is not stored on any one server. Rather, the data here is in the system of all the people using bitcoin in the form of different slots, so the government of any country cannot establish its authority over bitcoin, nor can any changes be made in bitcoin at the behest of anyone. .
If a country wants then only can ban bitcoin but it is impossible to stop transactions by banning bitcoin because it has spread like a net all over the internet if you want to understand this seed well then you have to understand blockchain technology It will be a complicated topic.
You only understand that bitcoin does not belong to any one country and no one country can own it, there is no right of any company behind bitcoin who can manipulate it. It is a software or a string of numbers that has left its mark on the Internet. And have made their place in different servers.
It is also not possible to eliminate it because as long as people have bitcoins then bitcoin cannot be eliminated, even it is impossible to track anything using the medium of blockchain.
Bitcoin price?
Today the price of bitcoin is 32 lakh rupees and in India alone more than 5 million people are investing in bitcoin, although it has been more than a decade since bitcoin came but bitcoin popularity is only after 2013-14. Got it. Bitcoin became famous in India after 2016 because it was only after 2016 that the smartphone market suddenly gained momentum.
Around the same time in India, Jio made its debut, so more smartphones came in the hands of people and people started searching for new things on the internet, let me tell you that if you had invested in bitcoin in 2016, you would have been a millionaire today.
In 2016 the rate of bitcoin was about 21000 Indian rupees but in today's time it has increased more than 100 times, at present its rate is 32 lakh Indian rupees, you can guess that if you had invested in bitcoin for ₹ 21000 in 2016. Today those ₹ 21,000 would have become ₹ 32,000,00 and the one who invests a few lakh rupees is a millionaire today.
