BTC (Bitcoin)

Bitcoin is a type of virtual currency. Make your payment using Bitcoin for any virtual transaction. No one panels or regulates its flow in market.

Satoshi Nakamoto, a software developer, proposed the concept of bitcoin network boosting electronic payment system. The idea was to produce a currency self-regulating of any central authority, transferable digitally, with less cost involved. This virtual currency is not printed physically but made available for mining under a distributed protocol network. The bitcoin protocols states that only 21 million bitcoins can ever be created by miners. Every bitcoin can be divided into small denominations called ‘Satoshi’, named after the founder. The digital software program follows a series of mathematical formula to generate bitcoins which are freely available to be observed. Bitcoins can be acquired quickly at cheap or less transaction rates. No central authority can control the flow of bitcoin in the market and hence it cannot be taken away from the user’s possession.