Satoshi’s bitcoin is going global beyond the expectations of some pessimists who predicted its collapse in a short period. But the popularity and value of the phenomena currency continues to get the patronage of those who never saw success in its operation.
In case you don’t know what bitcoin is, it is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen, which enables a new payment system and a completely digital money.
If that sounds technical, bitcoin is a currency that’s mined (generated) on the internet with some forms of code.
Bitcoin is the first implementation of a concept called “cryptocurrency”, which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority.
The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin to make some cool cash. Bitcoin has also grown to the point of providing million of jobs to thousands of people across the world through trading; buying and selling.
How to earn from Bitcoin
There are many companies and countries that have realised the potential of Bitcoin and they’re beginning to make it a viable banking alternative. South Korea, Japan are some of the countries that have traded bitcoin in billions of dollars. This is how you too can benefit from the cryptocurrency.
Just like the way you buy and sell foreign currencies, bitcoin is also traded. The good thing, even as Nigeria’s Security Exchange Commission warns Nigerians to exercise caution, is that some SMEs operators are coming up to trade bitcoin.
Check out Bitcoin Exchange rate at 19:46PM (October 3, 2017)
1 Bitcoin equals 1549068.50 Nigerian Naira
0.001 equals N1549.07
0.01 equals 15490.68
1 Bitcoin equals 4297.00 US Dollar
1 Bitcoin equals 15474141.55 Ugandan Shilling
1 Bitcoin equals 5487.87 Australian Dollar
1 Bitcoin equals 18928.28 Ghanaian Cedi
1 Bitcoin equals 28544.11 Chinese Yuan
1 Bitcoin equals 3245.09 British Pound
1 Bitcoin equals 58782.96 Namibian Dollar
Some of the bitcoin traders in Nigeria include:
We shall come up with the list of the most reliable bitcoin traders in Nigeria.
In countries where bitcoin education has grown, small parts of bitcoins called Satoshi’s cryptocurrency is given to a beginner to start trading so as to discover the potentials of the the digital currency.
“Bitcoin Mining is a peer-to-peer computer process used to secure and verify bitcoin transactions—payments from one user to another on a decentralized network.
Mining involves adding bitcoin transaction data to Bitcoin’s global public ledger of past transactions. Each group of transactions is called a block. Blocks are secured by Bitcoin miners and build on top of each other forming a chain.
This ledger of past transactions is called the blockchain. The blockchain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the blockchain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.”-bitcoin.com
You can buy lifetime mining contracts with reliable companies like HashFlare and Genesys Mining. You will earn daily and it will be paid automatically into your account in Bitcoins.
You can withdraw bitcoins into a Bitcoin Wallet which can be obtained free from companies like CoinBase and some others out there.