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Explanation: Digital currency which allows payments to be sent from one party to another without going through a financial institution.
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Statment formulation: bitcoin can be used for online transaction between individuals.Bitcoin is a form of digital currency, created and held electronically. They are not physically printed/minted like currency notes or coins. Bitcoins are ‘mined’, using computing power in a distributed network.
Bitcoins allow payments to be sent from one party to another without going to a financial institution.
Currently, 1 Bitcoin = 45739.39 Indian Rupees. The value of Bitcoins keep fluctuating like any other currencies.
Sentence Formation:
Bitcoin has become a hot commodity among speculators today.
bitcoin is a decentralized currency with peer to peer relationship n with no central authority
BBitcoins are created as a reward for payments processing work in which users offer their computing power to verify and reward payment into a public ledger . this activity is called mining & miners are rewarded with transaction fees & newly created bitcoins.
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