What Is The Bitcoin Protocol
It is highly likely that you will have heard someone mention Bitcoin but not fully understand what it all means. There are a number of things you should know about if you are thinking about investing in BTC.
The first is that you hold your own money and not storing in it a bank. Why is this important? You just need to go back to 2008 when the banks needed ailing out to understand why this is extremely important in today’s financial climate.
The next thing you need to learn about is what the Bitcoin Protocol is and how it could affect the price of BTC. The Bitcoin Protocol rule is tied to the amount of currency that can be mined via mining. The total amount of Bitcoins that are allowed to be mined is limited to 21 million.
It means that once the mining which is a network of computers interlinked to solve mathematical problems stops, we should see a large increase in the value. It works on the same principle as Gold where there is only a Fahrenheit amount available.
What Is The Price Of BTC In British Pounds?
The price of Bitcoin in British Pounds is now at 2143.34 GBP and has experienced huge growth over the last three years. Now it is possible to buy Bitcoins instantly buy using your credit or debit card with one of the many exchanges available. With 1 BTC now more than gold it has started to attract mainstream investors.
A single unit of the cryptocurrency has exceeded the value of an ounce of gold.
Read the full articles at the Sun Newspaper below.
THE controversial computer currency Bitcoin that’s worth more than gold is a type of digital currency that was invented by an unknown developer. As it stands (September 30) a single bitcoin is worth £1,779 while a troy ounce of gold is worth $1,290 (£1,003). Here’s all you need to […]
Click here to view original web page at What is Bitcoin, what is its price in pound sterling and how does it work? All you need to know