Bitcoin change the world’s Financial Structure

Bitcoin is a Digital Currency and a payment system which was created by a programmer name Satoshi Nakamoto. It was introduced in October 2008. Bitcoin is the first decentralize cryptocurrency where no physical paper and bank was required in order to make the transaction. This is what it makes so popular and robust itself which predicts it’s upcoming future. Most of the flaws which we currently have in our monetary system can control under bitcoins. For example like our current biggest problem in the economy is fake currency where we can print paper currency more than it’s actual value and we don’t have any control over it . In Bitcoins this is not possible because we already know there are 21 billion bitcoins we can ever produce. So we have open ledger to identify any fake transaction.

Since Bit coins numbers are already fixed so generating fake is not at all possible in this system. Now the question arises if numbers are fixed then how can it be possible for entire world to use this currency. Then solution is already available it has divided up to eight digit and lowest digit is called satoshi. This means as soon as the uses increases value of each Satoshi is going to be increase. That’s why we see lots of ups and downs in Bitcoin value on daily basis.
Now the next question is how to buy bitcoins ? There are lots of vendors available who provide wallets. Given link will provide you all details about bitcoin wallets.

Every one has its own view but future is not certain for this digital currency. With numerous benefits it has some serious flaws. Due to decentralization tracking payment and its source of origin could be difficult task as we completely need a different management for this. Most of people finding this as a good finance system for illegal activities which is a raising alarm of its controlling and tracking. And due to this some of the countries have banned the bitcoins. But as per the experts this is the future currency which we are going to use and have unlimited benefits. It works 24*7 with less fee and peer to peer instant transfer as compare to bank where there is working time slot , transfer takes time and it cost lot of money as well.

So there is race of collecting bitcoins as many as we can. We never know how much rise it can take in future and how much profit we can earn with few numbers of bitcoin. In year 2009 1 Bitcoin was some where $6 and in 2017 it reached at $1100 by looking this it seems it has a great future.