Cryptocurrency is a digital currency that can act as a medium of exchange for goods and services between two different parties over the internet. All the transactions are secure, and the level of security depends on the type of cryptocurrency being used. The transactions are not traceable. This ensures that nobody apart from the receiving and the sending party can know about the transaction, not even the country’s government. Cryptocurrency is very often referred to as modern currency. Investors are nowadays showing a huge amount of interest in cryptocurrency.
Bitcoin was the first cryptocurrency that gained popularity. It was invented in 2008 by somebody unknown. The name popularised for the development of bitcoin is Satoshi Nakamoto. It was started in 2009. It was released as an open-source software over the internet.
Bitcoin is a decentralized currency that does not have any central bank or an administration under which it works. The money or it’s better to say that digital money can be sent from any person to any other person without any intermediate administration looking at your transactions. The network nodes verify the transaction made through cryptography. All the transactions are recorded in a public ledger that can be accessed by anyone called a blockchain.
Bitcoins are created as a reward for a process called mining. Bitcoins can be changed for money, products, and services over the internet. In research, it was found that in the year 2017, there were about 2.9 million to 5.9 million users of cryptocurrency. Most of these people were using bitcoin.
What if somebody tells you that you can get bitcoins for free? Seems impossible, right? Well, it’s not! You can get free bitcoin. FreeBitco is the site that can provide you that. Here, all you need to do for your bitcoins is play mini-games, complete some micro-tasks, or participate in giveaways. Could it be any cooler? Sit free at home and earn free bitcoins.
There are a huge number of registered users at the site who win and earn free bitcoins daily. You can earn that too, visit the site and register for your free bitcoin!
Once you earn your bitcoin, you can use it the way you want to. Use it to buy something online, sell it or gift it to whomsoever you want to.