Bitcoins are usually used for illegal purposes. Bitcoins are being used in drug trafficking, arms trade and even murder.
Bitcoin was invented in 2009. One person coined the name Satoshi. Later that year it debuted with the launch of a software.
At first the market value of bitcoins was very low. 1309 bitcoins were equal to 1 dollar. Later, as the use of Bitcoin in various illegal activities increased, its market value also increased.
The current value of 1 bitcoin is equal to 9 thousand 999 dollars which is 8 lakh 49 thousand 915 rupees in Bangladeshi rupees.
All transactions are done via Bitcoin on Drake-Ayeb. Drake-Ayeb is a secret dark world of the Internet.
Due to the increasing popularity and price of bitcoins, many people are collecting bitcoins.
In order to collect bitcoins, a person must be given a unique ID or account number as opposed to an online wallet, from where the customer can spend or deposit bitcoins. Bitcoin can be earned in many ways, such as by working on some websites, by exchanging currency, by selling something. However, the most popular means of earning bitcoin is bitcoin mining.
Use of Virtual Currencies In the world of internet, this virtual currency called Bitcoin is a lot like shares or currencies. Regularly fluctuates its price or exchange rate. It is the dollar or the euro itself - a medium of exchange like these international currencies. In some countries of the world, Bitcoin is used to a limited extent as its own currency. Bitcoin transactions are stored on Bitcoin users' PCs. When Bitcoin is transacted between multiple computers or smartphones connected to a peer-to-peer communication system, the laser updates according to its user reference. In other words, there is no clearing house here. Bitcoin transactions are completed in a cryptographic process.
