Bitcoin is a type of cryptocurrency which maintains a public ledger called block chain and this ledger records each and every transaction that is made. A subnetwork of computers known as miners backs up and secures the integrity of this ledger.
There is only limited number of bit coins and is fixed at 21 million and every cryptocurrency is divided into a hundred million pieces. This digital money is created by one or a group of programmers in the name of Satoshi Nakamoto in 2009.
Bitcoin mining is a process by which new bitcoins is generated or created by individuals by solving several complex mathematical problems using computer hardware. One thing to note about this process is, it will be hard and need to make much effort in order to create crypto as time goes.
You can also get these bit coins in numerous ways and a few of them are as follows:
- You may prefer completing micro tasks which will pay bitcoin in return and there are numerous sites to go to get started with micro tasks.
- Another way is bitcoin faucets which is similar to micro tasks and pay extremely small amounts of биткоин in exchange for a small amount of your time.
- One can also earn them by playing games on the internet. Games which pay out in cryptocurrency are like to faucets which pay them in small amounts and create a profit by advertising.
Therefore, the ways in which you can gain from the rise of Bitcoin are practically limitless.