Bitcoin the blackmarket currency?
Bit+Coin Bit means smallest unit of digital information generally binary। 1 byte is equal to 8 bits Coin means a metallic round shaped measure of money। So it is digital coin, exists as unique digital number attached to it।it can be bought and sold meaning just digitally added or removed from your account ledger।This is confidential lying in some computers around world connected through internet www। Bitcoin is a new type of imaginary currency , existing only in a digital number allotted and on chain of few computers in world .But you pay real money to buy this।Amazing ? Bitcoin has no underlying asset even a brick, to calculate its value . It is a digital unit which is not benchmarked to any other real currency or physical asset . Hence, it is like a casino chip which works at all casinos.The issuing casino has no control on it and the chip can be used any where based on fear factor , demand , last transaction value recorded in these few limited computers , where transactions get...