Bitcoin is being searched more and many people are looking to get more information about it. Bitcoin is in fact a kind of digital currency that is not exist in real world and is usable through the Internet and computer only. In this paper, we try to provide a comprehensive and complete set of information about this digital currency to enthusiasts, and to carefully examine Bitcoin.
What is Bitcoin?
As you know, and as mentioned above, Bitcoin is in fact a kind of digital currency that is said to have been invented by a person named Satoshi Nakamoto in 2009. Still, despite the fact that the first bitcoin has entered the world market for a long time, its original creator still remain in a hurry of ambiguity, and one hundred percent can not afford the person mentioned above as the original creator of the bitcoin. Many reliable sources that always follow the news and the edges of this digital currency, acknowledge that the design of it is not an individual’s job and should be an engineering team behind this successful digital exchange.
However, no matter who the main maker of it is, it should be said that this digital currency, having been introduced shortly after its introduction, is worth several thousand dollars from a few cents, and now we see that The currency is recording a record more than $20,000 per unit. But noteworthy point in buying Bitcoin is that so far no government has accepted this digital currency as money and only recognized its recognition as a commodity. In other words, you do not have to buy a bitcoin, like a dollar, but you own a valuable item, each unit worth thousands of dollars.
A remarkable point in Bitcoin’s mechanism is that this digital currency is not owned by any organization or institution and its transmission operations are carried out globally. In other words, when a bit quin is transferred from one account to another, all bitcoin holders will be notified. Interestingly, even if you can not afford to buy a bitcoin unit, you can also buy smaller units, like half a dozen, and even a hundredth bit of quin. In the future, we will give more information to the enthusiasts.
Protocols and charts on how to get and convert bitcoins
How Bitcoin works?
Many people are looking to understand the mechanism of this digital currency and see why a person should buy Bitcoin? The first point that makes this digital currency, or better, is the encryption of money from other currencies in the world, it’s impossible to track it. This feature allows owners to buy and sell in internet without being identified. In fact, when you are an owner, you enter a Peer to Peer network that works perfectly parallel, and each person can appear as a server and as a client. Your identity on this network will not be disclosed at all, and you can easily buy any amounts you want or sell whatever you want. That is why most of the money exchanges on the Darkweb are made through this currency.
Sales on this network are based on cryptographic protocols and digital signatures. Digital signing on Bitcoin sales means that you can be sure that you buy Bitcoin from your individual when you buy, and now this digital unit has been added to your account. On the other hand, when buying and selling this digital currency, the Zero-Knowledge Proof protocols also allow users to verify the vendor’s claim to sell the requested amount without the need to identify the vendor. Bitcoin, and vice versa. In fact, the zero proof of knowledge is a kind of security protocol that allows us to tell the opposite, without knowing the secret content, that we know this secret.
If you are familiar with cryptographic protocols, Bitcoin uses public key cryptography. In this type of encryption, information about your coins is kept private and public. In this method of encryption, every coin, gets a public key that is visible to everyone. Each wallet also has private keys. In this way, in this method of encryption, public keys for content encryption are used, which can only be read by a private key. This means that each coin has a public address that is readable to everyone. But only one of its content is known to have its own private key. By doing this, you are going to buy Bitcoin with the public key and you can give it to your private key with your private key.
Where you can buy bitcoin
Another question many people have about this digital currency, is that how to buy Bitcoin. What to do to get it and invest in this lucrative global business? In fact, this is not a very complicated issue, but we would rather only here outline a series of generalizations in this regard and look at the details in the next section. In general, bitcoin can be earned in four ways.
- Using mining systems that performs generic public key bits on the system.
- Using a vendor purchase from a dealer
- Use lottery websites and work on websites that offer you bitcoin instead of services.
- Offering kind of service, in exchange for receiving this coded money instead of the common currency
The value of each unit of this encrypted money is increasing every moment.
In the following, we will try to discuss the ways of obtaining this lucrative digital currency, topics and more, so that we can provide more guidance on this digital currency to enthusiasts.