Accountancy, asked by sri811, 1 year ago

what is a bitcoin? can anyone please elaborate it..

Answers

Answered by depanshu
3
Nice question buddy!

Here's your answer:)

Bitcoin:

It is internet currency or crypto currency
1 btc (bitcoin) is equal to almost 750000 inr ( Indian Rupees)

It is the digital currency whicn do not require any back.
It has a single administrater

It was created in 2009 but its disoveror is unknown

In india bitcoin is not illegal and not even legal. ^^"
The main problem that our government is not welcoming bitcoin is that if it comes in use then terrorists will provide money by it and may influence people to work for them
So you need to be very careful to use Bitcoin in India because Income Tax Department can arrest you XD

Mark as brainliest!
God bless you! ^_^


sri811: lol i just wanted to know about it
depanshu: Yo! hope it will help you! this information must be known to everyone in these days so just wanted you to know ^_^
depanshu: and sorry for all the spelling mistakes I have done ^^"... I wrote it without seeing the keyboard XD I am learning
sri811: oh god u r typing really fast..
depanshu: Not that fast.....I am still increasing my speed
sri811: great
depanshu: :) ok then see ya @_@ XD
Answered by ImpressAgreeable4985
0

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

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