Bitcoin is the digital currency. Bitcoin is categorized under the crypt o-currency. You can earn bitcoin in Pakistan easily. Bitcoin are available In Pakistan. Bitcoin is the powerful currency more than US dollars. Bitcoin was first introduced by Satoshi Nakamoto. Satoshi Nakamoto was the first person who introduced Bitcoin as a peer to peer currency. These peer to peer currency is transferred via Bitcoin Address. Due to its decentralized nature there is no special authority that issue bitcoins. Bitcoins can be earned online by mining or by purchasing via exchanged.
How Bitcoin Works?
Bitcoin works peer to peer same in the way what-app operates. Users (Buyers and Sellers) can easily exchange bitcoins easily via the Bitcoin Address. Example of this address is
This address is unique same as the MAC address of a Network Card. MAC address of a network cards can’t be same. Same is the case with bitcoin address.
What is Satoshi?
Based on the name of Satoshi Nakamoto, Satoshi is the smaller unit of the bitcoin. For example, “Paisa” is the smallest unit of the Rupee. 100 Paisas make one rupee. Same case is with the Bitcoin. Satoshi is the one millionth part of the Bitcoin.
Who verifies the Bitcoin Payment?
Bitcoin payments are verified and processed in the Blockchain. Blockchain has the records of the transactions. Since bitcoin is the anonymous there are only Bitcoin Addresses that can be seen and there is no sender name or receiver name. http://www.blockchain.info is the address for the Blockchain.
More details can be learned by watching this lecture.