HomeTechnology ExplainsWhat is Bitcoin and How Does it Work? How to Get Bitcoins?

What is Bitcoin and How Does it Work? How to Get Bitcoins?

Bitcoin is a decentralised cryptocurrency maintained by a group of volunteer coders. It is originated in 2008 from a paper written by Satoshi Nakamoto as an electronic payment system based on mathematical proof. It is an open source code peer to peer electronic cash system using cryptography in a secure, verifiable and immutable way. They are designed as a reward for a process known as mining which is a record-keeping service done through computers. It is a means of exchange, independent of any central authority. Trading can be done by exchanging for other currencies, products and services which is an easy and effective way. Let’s know more about Bitcoin.

Blockchain introduction

The exchange or trades are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. It is basically a growing list of records, each block contains a cryptographic hash of the previous block. It is used to verify and audit transactions independently and relatively inexpensively. It has been described as a value exchange protocol which removes the characteristics of infinite reproducibility from a digital asset.

How to earn Bitcoin?

How to earn BitcoinBitcoin is ideal for investment purpose because of its growing popularity. The excellent time to buy is when the currency value is low or it is expected to increase. The possibility of trading in 24/7 is one of the biggest foredeals of investing in digital currencies. It is important for you to know how to invest in bitcoin in a safe manner. Here are some ways from which you can earn Bitcoins.

  • There are some platforms such as Cryptogrind, bitWAGE, 21.co etc through which you can earn Bitcoin in exchange for your service.
  • You can earn it from trading also which is a cost-effective way of earning Bitcoin.
  • There are several Bitcoin lending platforms that will give you 12%-18% return on your investment in the form of Bitcoins.
  • You can also earn Bitcoins from Bitcoin faucets which are basically a digital reward system in the form of app or websites. It will issue rewards in the form of Satoshi.


The biggest benefit is that they are an international currency, you can use them in any country without converting it into another currency. Day by day Bitcoin is gaining popularity and is getting more users as it is one of the secure ways to invest your money. You can track Bitcoin Prices at realtime on Realtime Bitcoin website, and never miss the opportunity to buy or sell bitcoin in best prices.

Kritika Agarwal
Kritika Agarwal
I'm doing IT engineering and currently working as a technical writer. Words save my soul. 💚

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