Posts

Showing posts from August, 2019

Bitcoins: A Brief Introduction

Image
We are very familiar with the traditional ways to buy things through physical money. This practice is very common because we are following this from years to make transactions. Currency or physical money make a product worthy that is needed for any business. In the primitive epoch, people used to trade goods to get something specific for their personal needs. For instance, to get a piece of cloth, people used to exchange some utensils or other things. However, in the modern era, people buy goods using paper money. Therefore, to get this physical money, we need to sell our services to the society. Today, we have banks where we store our money. However, they are managed by some authorities and we are intended to follow their rules in order to make transactions. And in the current digitalized time, we are now able to transfer money online to someone’s account with ease as per the transactions rules set by the banks. The electronic transfer includes netbanking, cards, credit