What is Bitcoin?

Bitcoin is a popular form of cryptocurrency exchange which came into existence in 2009. Through it, transactions are made with no mediator or banks. Bitcoins are useful to buy merchandise anonymously in an exchange organized market. It makes international payments easier and cheaper because bitcoins are not confined to a particular country or subject to regulation. Bitcoins are also brought by people as an investment, in hopes of increased value in the future.

Bitcoin provides less transaction fees than old online payment methods. There are no physical bitcoins, rather only balances which are accessible by everyone. Bitcoins are not provided by any bank or government. Bitcoins have gained immense popularity, and has laid the foundation of a lot of virtual currencies collectively known as Altcoins.

A lot of marketplaces such as “bitcoin exchanges” ensure buying and selling of bitcoins using multiple currencies. The transfer of bitcoins is quite easy as people can send bitcoins to each other through mobile apps or computers just like digital cash. Bitcoins are kept in a “digital wallet”. This wallet is a type of virtual bank account that allows users to buy or sell bitcoins, save money, pay for products etc.

Bitcoin follows the law of demand and supply. Due to changes in demand, there exist a lot of volatility in the cryptocurrency’s price. Copying bitcoins is quite difficult as every transaction is publicly recorded. To know more about bitcoin and cryptocurrency, click here.

Comments

Post a Comment

Popular posts from this blog

What is CFA Course all about?

CFA stands for Chartered Financial Analyst. It is a globally-recognized professional certification program that gives a strong base to students in the field of finance. It is considered gold standard in finance. Students and professionals who are willing to make their career in investment banking, equity research, capital market, portfolio management, corporate finance etc., should pursue CFA course . CFA program is conducted by CFA institute. The institute was established in 1947. The CFA course has come up as the top qualification in investment industry. The main requirement to become a CFA charter is clearing all three levels of the CFA exam and meeting relevant work experience requirements. The exam covers important topics for investment industry such as equity, fixed income, private equity, derivatives and real estate. If you want to receive top quality investment education, then getting a CFA certification is the best career choice for you. This is one of the most repute...
Read more

CFA exam curriculum

The prestige and value associated with earning a CFA charter is priceless. Passing the Chartered Financial Analyst exam and holding the charter isn’t an easy task. It is a very difficult and strain full process. A CFA exam not only tests one’s intellectual skills but also their dedication, determination and creative side. The program is built in a manner to check your passion towards becoming a certified financial analyst. The CFA program comprises the basic knowledge that companies require in the investment and finance domain. It also includes advanced management skills which are crucial to survive in the investment management industry. The CFA Institute, California, keeps updating its curriculum regularly to reflect their modern financial practices. One of the most astonishing facts about CFA candidates is that they can put their acquired skills through CFA program into real world scenarios. The CFA syllabus is designed through an Education Advisory Committee. Key players such as in...
Read more

CFA jobs in India- scope

CFA (Chartered Financial Analyst) provides the highest distinction in the investment management profession. This program has a high level of global recognition for finance-related activities. It is a post-graduate level qualification. It covers many sectors and topics related to finance and accounting such as economics, statistics, probability theory, financial analysis, portfolio management, etc. Certified Financial Analyst, as a professional certification program has gained a lot of popularity in India over the years. CFA certification is believed to be one of the most high earning and preferred professions in India. As a career opportunity, the profession comprises abundant logical ability and difficult concepts which requires dedication and concentration. However, the perks received after completion of the course make the difficult process totally worth it.        Finance is global in nature, and the CFA charter is recognized by the industry as the gold standa...
Read more