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In this world of constant changes and innovations, where networks are an essential part of life and the daily lives of individuals and societies, the financial world does not escape from this reality. Surely you have already heard of bitcoin. In the next lines, we will describe what is the bitcoin and basic aspects of it.
The bitcoin is a currency, as is the dollar, the rupee or the euro, just that it is an electronic currency, it is not tangible, but like traditional currencies it allows the exchange of goods and services throughout the world, always and when both parties accept it and agree as a form of payment.
Bitcoin presents, logically, many differences with respect to traditional forms of payment, the main one or one of the most relevant is that it is a decentralized currency, which means that nobody controls it, is not issued by any bank or centralized private entity or state. The control in this currency is carried out, indirectly, by the users through the transactions they carry out, with their exchanges. Its production and value are based on the law of supply and demand.
Another big difference is the anonymity, each user has a kind of “virtual pocket” in which he stores his bitcoins and makes payments or transactions through a system similar to sending emails. Each user has their own bitcoin address in which they store the money, and the security system allows each Bitcoin to be tracked so that it is not used by a person twice in a row. If you want to do transactions with the Top bitcoin exchange in India, we at Bitxoxo, offer you advice in order to guarantee you get the best bitcoin exchange in India, at the best bitcoin rate and so you can Buy bitcoin in India