Today we will explain some secret things about bitcoins which may no one have told you. Basically, everyone knows about the bitcoins because of its popularity. Also, it has a lot of benefits. But before purchasing bitcoins you must have to look at these things which we explain in this post. Because before purchasing anything you must have to know about its advantages and disadvantages, then you can purchase a good one. Basically, about the bitcoins, there are many contents with good knowledge and also helpful, but we are going to discuss about those knowledge which is not easily available. So here we start.
Bitcoins are digital currency codes which are generated by high-performance computers. These codes are highly protected and no one can know these codes. There is no any person who is the owner of the bitcoins instead of you. If you purchase bitcoins then you are the only one who is the owner of yourbitcoins. First, 16.7 millionbitcoins released into the system and after that 12.5 Bitcoins are added roughly by “Mining”. Bitcoins supply is limited to 21 million. And this number expected to reach in the year 2140. Now you will be confused about mining method. Basically, mining is the method of getting bitcoins but its required high-performance computers. Which are not normally have to anyone? The need of a high-performance computers is for solving long algorithm. And this computer also required a vast amount of energy to run. But too many miners come to the market. According to the tech news, the estimated value of the energy is 215 kilowatt-hours for the transactions of the single Bitcoin. Assuming that there are 300,000 Bitcoins transactions per day. This is really very big amount. That amount of energy is enough to run American household appliances for a week.
If you want to purchase a Bitcoin then you don’t have to buy a complete bitcoins. You can also purchase smallest unit of a Bitcoincalled Satoshi. The cost of single Satoshi is around $0.0002 according to current currency rate. So this is a big chance for you, if you want to have a Bitcoin but you don’t have enough money then purchase a complete Bitcoin. You can easily purchase the smallest unit. Because it is really cheap, but the value of Satoshi is not permanent. If the value of bitcoins increases, then the value rate of Satoshi also increases. But if you purchase Satoshi right now and then the value of bitcoins increase then the value of your Satoshi is also increase so that you can sell your bitcoins with good currency rates.
The performance of the bitcoins is very good and better than all currency banks in this world. Because bitcoins work on the internet so you don’t have to go to the local bank. Your Bitcoin bank will always with you. It doesn’t matter where you areand also in which country. You can use anywhere in this global world. After examining the benefits of the bitcoins most tradings are started depends on the bitcoins.
Author: Jalal Nasser
DreamiFly Blog Owner
Also published on Medium.