A comprehensive guide on Bitcoin for beginners!

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A COMPREHENSIVE GUIDE ON BITCOIN - BEGINNERS!
By Epixel Solutions https//www.epixelmlmsoftware.
com
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Overview

• Cryptocurrencies are digital currencies that
  exchanges a monetary value. It can transform the
  traditional currency system entirely.
• Can you visualize an economy without financial
  institution or a centralized authority? Yes, that
  is the world of cryptocurrencies. These
  decentralized currencies have been leading our
  economy for almost a decade. All cryptocurrency
  transactions are recorded in a distributed ledger
  system called blockchain. Bitcoin is the first
  cryptocurrency released in 2008, allows
  peer-to-peer transactions.

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Bitcoin

• Bitcoin is a digital currency, emerged as an
  alternative to the fiat money. It allows
  peer-to-peer transactions, which holds same value
  globally. It is a decentralized global currency
  developed by an open source software. Bitcoin
  exits in blockchain, its value is determined by
  demand supply. However, traditional currency
  value depends upon the circulation of money, but
  digital currency value never be devalued. It can
  also be transferred for other alternative
  currencies (altcoins). Bitcoin is becoming an
  emerging digital coin among spectaculars.
• Basically,
• Bitcoin is an investment opportunity
• A new way to make the transaction
• As a payment option
• Trading option

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How Bitcoin differ from traditional currency?

• Decentralization
• No Counterfeit
• Immutable
• Limited supply
• Divisibility

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How does BTC system works?
BEGINS
Earns Bitcoin
Provides BTC wallet
BTC Transfers
Transactions validate in blockchain
Digital signature (Transaction request Private
key) encrypts the transaction
Mining Process (Verification Validation)
New block get added
Reward BTC
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How to buy BITCOIN?
What can you do with your BITCOIN?

• Now that you own BTC, we have various services
  tasks to perform with this digital currency. Use
  BTC payment option for easy secure online
  payments. Trading a Bitcoin is also possible for
  the exchange of other cryptocurrencies. We can
  make payments of flight tickets, hotel bills,
  shoppings so on through BTC payments. Receiving
  bitcoin payments, the speculators will get access
  to global markets.

• We can earn BTC with our fiat currency or in an
  exchange with alternative coins. BTC will be
  securely stored in the BTC wallet. Make sure the
  website you are using to buy the BTC is genuine.
  At BTC transactions, user adds a block to the
  blockchain at every creation of Bitcoin. BTC can
  also be transferred for other altcoins.

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Bitcoin Mining

• What is bitcoin mining?
• Simply, it is a process of producing bitcoins.
  Obviously, you know BTC transactions are
  validated in blockchain. BTC is mined by bitcoin
  miners, the miners will resolve all computations
  in transactions. They use special software to
  solve all math problems. After transaction
  verification, a new block gets added on the
  blockchain. By creating a new block, miner is
  rewarded in terms of bitcoin. Mining implies
  adding BTC transaction data to blocks, after
  verifying complex hash functions which makes the
  ledger system immutable .

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Have a glance at BITCOIN !

• A peer-to-peer electronic cash system for online
  transaction.
• Open source protocol where anyone can review the
  code.
• Minimize the transaction fee, and make cut the
  business expenses.
• Easy set-up and no chargebacks.
• No regulations or centralized team to control
  this digital currency.
• A perfect way to invest, transfer and pay through
  the online platform.
• Fake or false transactions can easily spot as
  every transaction is validated by nodes in the
  concerned network.
• A new way to make a transaction and an
  alternative to fiat currency.

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BITCOIN - Pros to check

• Safe and secure
• Direct transfer
• 24X7 Payment facility
• Access to global markets
• Cheap best international payments

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BITCOIN - Cons to check

• Delay expensive for retail transactions
• Highly volatile
• Risk of loss
• No stable fees speed
• BTC to fiat conversion is expensive
• No recovery for private key loss

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• Get in touch with us
• Check out A comprehensive guide on Bitcoin -
  beginners! -
• https//www.epixelmlmsoftware.com/blogs/bitcoin-be
  ginners-guide

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e-life!