Bitcoin (BTC) / USD

If we think of ‘crypto assets,’ we usually think of ‘Bitcoin.’ This is not surprising, as Bitcoin is the oldest and most popular crypto asset in the market today. It is thirteen years old, launched back in 2009, and holds the largest market capitalization compared to all other digital currencies. Bitcoin is based on a decentralised ledger system founded on blockchain technology and is widely mined, distributed, and exchanged worldwide. An exciting and mysterious fact about Bitcoin is that it was established based on a whitepaper created by an anonymous identity using the pseudonym ‘Satoshi Nakamoto.’ To this date, users do not know the actual name and face behind such a novel creation. Being a breakthrough invention, Bitcoin was quite ahead of its time, but recent ages have paved and inspired the way for the many newer crypto assets that we know of now.

How Bitcoin works?

Since the entire system is decentralised, Bitcoin does not represent any physical assets and allows high transparency to its users, as it’s on a public ledger. Users can freely view balances in real-time and keep track of any fluctuation in the crypto asset value. An assemblage of computers made up of ‘miners’ or ‘nodes’ work in combination to run Bitcoin’s code and store its blockchain. It is created and verified by a process called ‘mining,’ which comprises large permutations and combinations of computing power. Bitcoin is referred to as ‘BTC’ on trading platforms, and all other crypto assets are collectively described as ‘altcoins’ owing to being adherents to Bitcoin as their predecessor.

Bitcoins are highly secure as the tokens are maintained using ‘keys’ which can be public or private. It is almost impossible for human intervention to hack or recreate the same as it is built using a long string of alphanumeric digits. These digits are encrypted mathematics created by an algorithm. As it is known, this peer-to-peer technology was made famous by Bitcoin as it was the first crypto asset to employ the same. The Bitcoin algorithm constructs the code to make payments instantly and with lower transaction costs than contemporary fiat currency.

How to buy Bitcoin?

You can get started with just a few easy steps:

• Register on ZebPay crypto exchange, and create an account.
• As standard verification, upload your documents and complete the KYC process.
• Choose the amount of money you want to invest and load your virtual wallet. 
• Buy Bitcoin with the deposited funds.

Why buy Bitcoin with ZebPay?

• A popular and secure platform to invest and trade in crypto assets.
• Having been in the industry since 2014, ZebPay makes it very quick and comfortable for first-time users to get started and plan their crypto journey, with suggestions and guidelines at every step of the way.

Resources:

• Whitepaper
• Official website