Cryptocurrency is a type of e currency or digital currency that is used as a medium of exchange. It is a type of decentralized currency which means it is based on a structure of distributed public ledger, and there is no issuer of cryptocurrencies. This makes cryptocurrency uncontrollably from the hands of government authorities. The distributed network of the public ledger is known as the blockchain structure and it is the base of cryptocurrency.
Bitcoin is the first and the most popular cryptocurrency, which persists in the market. Bitcoin occupies more than 60 percent of the market. Bitcoin is the first cryptocurrency which was created in 2008 by an unknown person named Santoshi Nakamoto and it started in 2009, bitcoin was gained through a rewarding process called mining you can earn bitcoin from websites like freebitco.
- Apart from bitcoin thousands of alternative cryptocurrencies exist in the market which is referred to as altcoins like, Peercoin, Namecoin, Ethereum, Cardano, EOS, and Litecoin.
- A bitcoin wallet is a software program that technically doesn’t store the bitcoins but is for keeping a track over them and to facilitate the user to trade the bitcoins by sending or receiving them.
- Bitcoin wallets instead of storing the bitcoins, store the information related to the bitcoin such as the security keys, address information for the transaction. Bitcoin wallets can be accessed through the web, desktop, mobile, or through hardware.
Bitcoins are usually used for different types of transactional purposes in international trade. One can earn bitcoins easily using different websites such as freebitco which provide easy means for the earning bitcoins by playing simple games, the website also provides its bitcoin wallet and multiple attractive offers such as a good rate of interest of storing bitcoin on the website’s wallet.