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BITCOIN IS A TECHNOLOGICAL TOUR DE FORCE

ACCEPTANCE

The world is finally paying attention to the term digital currency . put simply it's a electronic money nothing more than a bits in computer , be it in your laptop ,smartphone some far in computer chilly climate controls data centre. Make no  mistake.it's a real money but"s it"s unlike anything we have ever seen.Although it has similar property to the paper bill we all carry in our wallets.A digital currency like bitcoin is not printed by a recognized authority like government that determines how many are put into a public circulation .Nor is it valued in traditional senses like gold whose limited supply is slowly extracted from the earth at great labor & expense .                                   Concepts 

• Blockchain – A digital ledger maintaining records of transactions


 Cryptocurrency – A digital asset designed to work as a medium of exchange 

• Bitcoin – The first and most popular decentralized cryptocurrency


 • Satoshi – Unit of measurement of a bitcoin (1 satoshi = 0.00000001 bitcoin)


 • Mining – Process by which transactions are verified and added to the public ledger(blockchain), and also the means through which new bitcoins are released(as reward for verification)

 

• Altcoins(Alternative coins) - Other cryptocurrencies

  

• ICO(Initial coin offering) – Similar to an IPO, a cryptocurrency can enter the market through an ICO There are over 1300 cryptocurrencies right now, a total market cap of over 300 billion USD, with bitcoin dominance at 55%


 • Indian crypto wallets/exchanges undertake self-regulation - asking users for PAN/aadhar, and linking the wallet to user’s bank account


 The legal world of bitcoin has often been  a new frontier and it's not just bitcoin all virtual currencies that run independent of established & regulated bank .Entrepreneurs with grand new ideas to trade them ,whether it's own investment exchange or neat wallets that run on your on your smartphone.
     

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