What is Bitcoin and How does it work
in Nawanshahr, IndiaCategory: Local business
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techohalic
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Village Durgapur P.O. Kulam, District S.B.S Nagar, Nawanshahr, Punjab, India, 144514 Print route »
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In this article, I am going to explain about Bitcoin / Cryptocurrency.
In general, when you make an online payment, then this payment is processed and gets transfer from one bank account to another, using one or more financial bodies or banks. As you can understand, this is a centralized structure where one entity is managing all the payments which is also responsible for the securities and safety of our payments.
But this centralized structure is not private. Let us suppose that you can trust this centralized structure or you can trust your bank. But can you trust the employees working in it? Can you trust the hackers or can you trust various agencies having access to all of your sensitive information? The list is very long whom you cannot trust. So, the idea of keeping everything centralized is not safe. At this place, cryptocurrency comes into light. For more visit https://techohalic.com/what-is-bitcoin-and-how-does-it-work/
