Bitcoin

Today we are going to see about Bitcoin which is little bit complicated  to understand this. So if you want more about this just google it.

Bit coins is a currenency and it values 2400 american dollar for coin. This coin is accepted by the government of china and japan,but this coin is not accepted like india,american, europe. But any one can  get the coin by solving maths which is not a normal school problem which is very complicated for that lots of CPUs is required, memory power is reqired. If though they solve the problems and getting more  bitcoins the demand for it will be high and the maths problem also becomes more complicated and if demand becomed less the maths problems also will be reduced . But only 30millions of bitcoins only present in the world.

Bit coin work in the basis of cryptographic, cryptigraphy is nothing but a code is sented to a person who has that key, the code is encrypted which is in jumbled words. It can be find only the person who has that key.

This Bitcoin is a decentralized system which means everybody in the world can have their will be no bank for that, no reservation for that. The people itself acces the money and people itself will spent the money.

If you ask personally whether it works, i will say no because if this currency the other currency of that country will come down and it may used after 50 years but the technology for that is good.