Bitcoin popular cryptocurrency in the world in 2021

Bitcoin popular cryptocurrency

In the blessing of the internet and YouTube maybe we hear about Bitcoin but many of us don’t know properly about Bitcoin. What is Bitcoin? How does it work? How we can use it? So let’s go to start little learning about Bitcoin.

Bitcoin popular cryptocurrency in the world and first launch in 2009. If you are newer then read the Bitcoin beginner’s guide.

Why And How is bitcoin a popular cryptocurrency?

What is Bitcoin?

Bitcoin is a digital currency system. Which has no physical reality. And now Bitcoin is the most popular cryptocurrency in the world.

Generally, in the case of money transactions, we use third-party organizations. For example, you want to send some money to your friend who stays outside the country or far away.

Generally, to send money, you use your own bank account. Here you are a sender and your friend is a receiver and the bank is a third party or a middleman.

Here is a bank that controls the whole process and takes some profit as a third-party service provider.

But Bitcoin such as a currency system where no need for any third party. Here receiver direct gets the payment from the sender.

Peer to peer transaction

This is called a peer-to-peer transaction. In this case, the total transaction process is completed with cryptography, which is very complicated.

So, a third-party agency does not control this process therefore it is not possible to determine the movement of the Bitcoin transaction.

That’s why nobody knows who the person sending the Bitcoin. Both of them can hide their identity in the transaction.

How did Bitcoin begin?

The domain name was registered on 18 August 2008.

In November 2008, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list.

Many people did not know it going to be a bitcoin popular cryptocurrency in the world.

Satoshi Nakamoto
Satoshi Nakamoto


‘Bitcoin: A Peer-to-Peer Electronic Cash System’ first publish a paper through the internet.

This is the first time people know about it. From this time Bitcoin start the mining software.

Bitcoin mining, such a process where Bitcoin is generated by mining. However, since bitcoin is a popular cryptocurrency among cryptocurrency enthusiast.

How Bitcoin Works?

How Bitcoin Works
How Bitcoin Works

Like ordinary currency, you could not transaction with hand to hand. Any bank or organization does not control it.

For peer-to-peer transactions, Bitcoin goes direct from sender to receiver wallet.

Wallets are your money store. Two types of wallets are found. One is an online wallet and another is an offline wallet.

  • Online wallet: online wallet is the use of your smartphone or any computer device. Every crypto wallet has an address. For any transaction, they use this address.
  • When anyone sends Bitcoin, one address to another address, it’s recorded in an open ledger. It’s called ‘Blockchain‘.
  • All the transaction is recorded in this huge accounting system. After finished every single transaction on this network automatically generated a Bitcoin.
  • This system so calls mining and minors also reward for this mathematical calculate.
  • Offline wallet:  On the offline wallet you can store, hold your Bitcoin.

How did Bitcoin mining?

The Bitcoin mining process is a complicated system. To mining Bitcoin, it needs specific software. To complete these mathematics solves the process.

It’s needed to high configured the computer.

The procedure is complex numerical calculations.

Utilizing PC, CPUs, and GPUs. When every Bitcoin is created, and it goes through a blockchain record.

Bitcoin mining
Bitcoin mining macing

Bitcoin miners have used mine software to validate every transaction. At this time Bitcoin is created through this process.

Bitcoin transaction and Bitcoin create process both of going with very safe way.

As a result, there has no security risk for both of them sender or receiver. They are both safe and stay hidden from the transaction.

How to get Bitcoin?

Differently, you can get this Bitcoin popular cryptocurrency. Have a look below.

mobail wallet
Image source

Your first Bitcoin wallet setup is very easy. There have several desktops, mobile app and hybrid wallets are available.

You can create an online account in Coinbase,, or any other crypto wallet to store your first Bitcoin.

  1. A mobile wallet such as Airbats (iPhone, Android), CoPay (iPhone, Android), or Mycelium (Android).
  2. As a payment, service, or shopping with bitcoins, you can use it and get BTC from any exchange.
  3.  You can get Bitcoin from any person who stores it. Moreover, you can earn it by doing an online task.

Bitcoin Unique Features As A Popular Cryptocurrency

    • Bitcoin is a fully decentralized currency system. The government or any authorities are not dominating Bitcoin.
    • Therefore, peer to peer transaction system where every user is the owner of this Bitcoin. Anyone cannot take ownership of the Bitcoin network.
    • The entire process of a Bitcoin transaction happened without any name or identity. A Bitcoin user can create multiple accounts.
    • To open an account and do not need any name, address, or any personal information. As a result, the real identity of the user of Bitcoin can be hidden.
features of Bitcoin
Here are example features of Bitcoin
  • A bitcoin transaction is completed very transparently. Every transaction is recorded by a blockchain ledger and anyone can see this record from any part of the world.
  • As a result, there has no scope for corruption. It is fully open source.
  • Open a Bitcoin account is very easy. In this case, no need to fill up any worrisome form like a bank. Also, no need to submit papers or any fees.
  • Open a Bitcoin account is very easy. In this case, no need to fill up any worrisome form like a bank. Also, no need to submit papers or any fees.

Some Difficulties of Bitcoin

  • Bitcoin is fully offensive. When you send BTC to any wrong person or wrong address you can not bring it back to you. You are not able to reverse it.
  • Any authorities can not control this whole system. That’s why both the sender and receiver can hide their identity.
  • As a result, BTC users can use many illegal activities through this Bitcoin transaction.
  • Many illegal products are exchanged through this cryptocurrency payment. A secret part of the internet in the Dark Web many transactions is made through BTC.
  • BTC’s price is so volatile, sometimes the price is so high and sometimes its price is very low.

Bitcoin Price In The Present World

Bitcoin first launches in 2009 with very low value. After a few days, its price is increasing day by day. In 2011 Bitcoin price was $0.30 and its first time grows to $32.

Next 2013 it’s increased by $266. Day by day Bitcoin prices is growing.

At the end of 2016 Bitcoin’s price reached $600. After the BTC price increased record level.

So, this digital current next year go high and position it as a bitcoin popular cryptocurrency and acceptable digital currency in the world.

15 Dec 2017 Bitcoin worth $17,900  and reached $19,900. Twenty-two Dec 2017, $13,800.

Bitcoin worth loses one-third of its worth in twenty-four hours, dropping below $14,000.

In the Five Gregorian calendar month 2018, $6,200 Bitcoin’s worth drops fifty p.c in sixteen days, falling below $7,000.

Bitcoin Price
Peasant bitcoin price analysis

In most of the countries in the world Bitcoin is very much popular. Many countries also do not support BTC.

More than 30 thousand company or organization is accepting Bitcoin like WordPress, Microsoft, Wikipedia, Overseer.

Bill Gates, the founder of Microsoft is talking positively about Bitcoin.

Most of the giant companies and organizations are working to take advantage of blockchain technology. Already Amazon blockchain technology, Facebook Blockchain technology, and Microsoft are working on it.

The different names of Bitcoin

Bitcoin is a protocol

Bitcoin is a core as per Ivan description who is a blockchain and Bitcoin expert over the internet.

He thinks Bitcoin is a protocol and protocol is a blueprint. Bitcoin is a network and also called a network. So it has a different name and different views.

Basically, protocol means how computers communicate with each other. However, bitcoin popular cryptocurrency all over the world, and it is a peer-to-peer transaction open ledger.

The protocol can write on paper or PDF, and it has many theories. For example, the white paper can define the protocol how should it work.

Just think, you build a program and write it down on white paper.

The Future of Currency

Bitcoin has stocked a lot of attention over the past decade all over the world. We think the Bitcoin future is bright for greater adoption rates worldwide.

Many brands are accepting this currency cordially for its bright futures.

Mainstream investing vehicles (ETFs) and Futures trading, including Bitcoin that help in reaching that market matures.

We believe Bitcoin and blockchain is the next huge factor in the world. Constant update area unit occurring to Bitcoin and still expertise growth through technological development.

The overall analysis of bitcoin’s popular cryptocurrency in the world.

Bitcoin banaer
Bitcoin banner

Digital Cash

Among the crypto community Bitcoin known as digital cash currency. Because it is the use of the internet as the real world.

Moreover, Anyone can buy things like fiat currency through the internet or by physically anything.

Finally, I suggest to you stay connected with this big thing. Don’t miss the crypto rally. Because bitcoin popular cryptocurrency in the world.