Jakarta, CNBC Indonesia – Since some time ago, the value of Bitcoin has continued to go up. For example, last week that reached US $ 48 thousand or around Rp.671.3 billion. So what is Bitcoin and why is it so attractive?
Bitcoin is often described as a virtual or digital currency. As the name suggests, Bitcoin is indeed completely virtual money or cash with an online version.
Users can use it the same as money in general, namely buying a product or paying for a service. But until now, not many shops and even countries have recognized the existence of bitcoin, quoted by the BBC, Monday (15/1/2021).
Each Bitcoin is basically a computer file stored in a digital wallet application on a smartphone or computer. So people can send Bitcoin to digital wallets. Every transaction is recorded in a public register called a blockchain.
With blockchain, users can track Bitcoin transactions and even stop someone from spending digital coins that they don’t own, make copies and cancel transactions.
There are three ways to get Bitcoin. Namely, exchanging them for official money (buying them), selling objects and receiving payments in the form of Bitcoin or creating them via computers or mining.
The total Bitcoin in the world is limited to 21 million pieces. Currently 18.5 million pieces have been mined. The remaining 2.5 million has not been mined. After that there was no more Bitcoin supply in the cryptocurrency market.
So why is Bitcoin valuable? That’s because many people believe that one day Bitcoin will become the currency used by many people around the world.
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