BITCOIN, A FORM OF DIGITAL CURRENCY: What is a Bitcoin? and what are its features?

What is a Bitcoin ? Top 5 features

Bitcoin is a form of digital currency, Cryptocurrency. We can use bitcoins for online transactions between individuals. Bitcoin aims at eliminating the need for central authorities such as banks or the Government in our transactions. In this newly developing mode of transaction, bitcoins can be transferred to any part of the world within minutes.

Bitcoins are exchangeable for fiat currency via cryptocurrency and can be used to make purchases. If an online merchant has the option of bitcoin payments, you just need to copy their address and paste it into a designated file on your wallet.

Bitcoins are earned by Bitcoin mining. Bitcoin mining is a complex computational and technological process of validating bitcoin transactions over the bitcoin networks. It is like solving a mathematical problem and getting paid in bitcoins. People who are involved in this complex and technological process are known as miners. Bitcoin miners have a promising future, and it’s a potentially rewarding enterprise for anyone who wants to give it a go.

Bitcoin is open-source. Its design is public, nobody owns or has control over bitcoin and everyone can take part. We can use bitcoins for purchasing a wide range of products and services.

Who is the founder of Bitcoin?

The founder of Bitcoin is one of the most discussed topics in the modern technological world. It’s also one of the most mysterious topics. “Satoshi Nakamoto” is the pseudo name used by the creator or creators of Bitcoin. The identity of Satoshi Nakamoto is not yet disclosed. It is identified as a Japanese word. It is suspected by investigators that Dorian Nakamoto is the founder of Bitcoins but he continues to decline the claim. All bitcoin users worldwide are in charge of the currency. On January 3, 2009, a person going by the name “Satoshi Nakamoto” mined the first Bitcoin (BTC).
Satoshi Nakamoto was discussed among the Cryptography enthusiasts like computer scientists and hackers long before the Bitcoin boom. Several months before the first bitcoin mine, Satoshi Nakamoto had published a white paper on a cryptography mailing list entitled ‘Bitcoin: A peer-to-peer Electronic Cash System’.

Even though Satoshi Nakamoto remains a mysterious figure, his aim for achieving cryptocurrency, in itself was never a mystery. Bitcoin remains open-source, which means no one has the power to own or control it entirely. The actual Bitcoin payout is an essential reward for auditing and processing the highly-encrypted data in each transaction.

How to purchase a Bitcoin?

What is a Bitcoin? Top 5 features

Bitcoin purchase is the initial step that investors should take into the world of cryptocurrency. The value of Bitcoin has risen from about 6 cents from the day of its arrival to $68,000 in November 2021. since then, its value has dropped to about $17,000 in December 2022 amid the widespread of crypto-cash.
Bitcoin can be purchased by following these 4 steps.
1. Decide where to buy Bitcoin.
Cryptocurrency exchanges like coinbase and other traditional brokers such as Robinhood can get you started with Bitcoin investment. Bitcoin ATMs are available to buy and sell bitcoins.
2. Consider your storage options for cryptocurrencies.
Bitcoin is stored in two kinds of Digital wallets. a Hot wallet or a Cold Wallet. While using a Hot wallet transactions are faster, while a cold wallet often incorporates extra security to keep your assets safe but make transactions a little longer.
3. Make your Purchase.
This step is the easiest, after linking your Bitcoin Wallet to the Bitcoin exchange of your choice – Deciding how much Bitcoin you want to buy. A single Bitcoin costs thousands of dollars, the cryptocurrency can be brought as fractional shares. so your initial investment can be very low, say $25.
4. Manage your investment
Investors who day trade – a risky investing method that involves frequent buying and selling- try to buy Bitcoin at a low and sell its value higher. But if you see a future for your bitcoin as digital currency, you should buy it for and long haul. Before buying set your goals.

What is a Bitcoin and why is it important?

Bitcoin a form of digital currency, in cryptocurrency, was developed as a way for people to send money over the internet. The goal of the digital currency was to offer a new payment method that would function without centralized management but otherwise function similarly to existing currencies. The revolution of cryptocurrency made transactions easier and more reliable. A huge amount of people are starting to recognize the significance of these Digital assets. cryptocurrencies have the potential to change society.

Cryptocurrencies are Digital coins and tokens that represent real-world value without relying on a central issuer like banks or the government. The key to cryptocurrency’s significance is its decentralization. It offers a unique opportunity in the history of finance. For us, it is now possible to send direct and secure payments globally.
The key Benefits include;

1. Universal Access
2. Censorship Resistance
3. Self-custody
4. Pseudonymity
5. Transparency
6. Rigidity
Bitcoin has many attractive features that complement the global economy. These offer a fast and frictionless way to send value across countries.

Article: What is a Bitcoin? Top 5 features by Naina Mariyam P

This is a full book summary of Anne of Green Gables by L.M Montgomery. Anne is a young orphan girl who was adopted by old siblings from Avonlea, Canada.

Anne of Green Gables by L.M Montgomery is a vintage classic story of a young red-headed orphan girl named Anne. It has been considered a classic children’s novel since the mid-20th century. Anne was born in Nova Scotia and lost her parents to a fever when she was only three months old. Anne was fostered by many but never owned by any. Anne always hoped for a loving family who would willingly take her as their own.

In the meantime, siblings Matthew and Marilla Cuthbert, from Avonlea(both unmarried) decided to adopt a boy to help work on their farm. Matthew is in his 60’s and Marilla is in her 50’s. They were both living at Green Gables, a beautiful yet mesmerizing farm at the heart of Avonlea, a community Avonlea, a community located on Prince Edward Island. They both were bored of each other and also needed a boy for help at their farm since Matthew was getting easily tired nowadays. So they informed an adoption agency that they wanted a young boy for adoption.

Matthew went to the railway station to pick up the boy and found out the agency failed to provide them with a boy and brought a girl instead. Matthew had to take her along to the Green Gables. Marilla was so angry with the agency when she saw the girl.

On the other hand, the girl agency brought was our little Anne, who already fell in love with Green Gables and the Cuthberts. The Cuthberts decided to exchange her with a boy once they got in touch with the agency. But they grew to develop affection and care for Anne and decided to make her a Cuthbert.

Anne is a funny child- she is so cheerful, hopeful, and talkative. It’s impossible not to like her. Anne and Diana Barry become best friends from the moment they meet. She is the only girl of Anne’s age who lives close to Green Gables. Diana Barry was the daughter of William and Eliza Barry. She was the companion for Anne in all of her misadventures.  Anne addressed Diana as her bosom friend and a kindred spirit.

The book proceeds through Anne’s school life. She does a lot of mischief a girl of her age would do. She made friends and enemies at her school. She was very active in school activities and proved her interest in literature. The handsome boy from school named Gilbert Blythe tries to win her heart though she refuses to speak to him or about him for a long time they will eventually fall for each other. Anne will get to her dream College along with her few friends to pursuing Bachelor’s degree in English.

By the end of the book a tragedy hits Anne and Marilla, Matthew dies of heart attack after learning that all of his and Marilla’s money has been lost in a bank failure. Anne left her studies behind and get back to green gables with her scholarship money so as to lookover old Marilla.

Conclusion:

This book summary gives you an idea of how much of a fanciful, imaginative, kind and dramatic of a kid Anne is. Throughout the book you through a lot of emotions, is funny, and makes you think.  Anne was quite adamant that her name should end with an “E”. Anne of Green Gables is a well written book by L.M Montgomery and Anne will be always there in every reader’s heart.

Reference Series:

The book Anne of Green Gables by L.M Montgomery is later made into a TV series. The series includes total of 3 seasons and 27 episodes.

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