What is bitcoin? How much is 1 bitcoin in Indian currency
Bitcoin is digital currency. This currency is not under the government of any country. This currency is decentralized without a central bank or a single administrator. Investors can send it to each other on the peer-to-peer bitcoin network. These transactions are verified by nodes through cryptography and recorded in a public distributed ledger, this process is called blockchain.
This coin is called cryptocurrency. More currency like bitcoin is available in digital world. Cryptocurrency was introduced in the year 2008 by an unknown person and the use of this digital currency started from the year 2009. Its implementation was then released as open-source software. At present the value of one bitcoin in Indian currency is more than 35 lakhs which is increasing day by day.