Many people ask themselves “What is Bitcoin?” and why it’s being talked about so much in the last few days. So come on! Bitcoin is a virtual and decentralized currency created in 2009 by a pseudonym of Satoshi Nakamoto.
As it does not have control over any government or bank, transactions are made without intermediaries. Therefore, it is possible to buy several things, pay and even receive in Bitcoins.
However, many people heard something about Bitcoin only in 2017, when the price of cryptocurrency skyrocketed by thousands.
So for this and other hikes, the currency has become the hot topic for venture capitalists, beginners, or just people who don’t like controlling authorities, have seen an alternative medium in this currency.
In addition, it is also possible to make transactions, purchases, or even a way to get rich.
Why bitcoin instead of physical money?
Because bitcoin can become a valuable asset in the long run. So, any other answer would be wrong, and of course, you have to be willing to lose too.
But, several platforms like LunesPay offer the sale of bitcoin using different currencies, what is called by many as “bitcoin exchange”.
Therefore, every day that technology is revolutionizing our way of carrying out processes quickly and efficiently.
So for you who don’t like to waste time on time consuming transactions, bitcoin transfer allows you to send to others using just a mobile app like LunesPay that offers an enhanced digital wallet.
Bitcoin is currently created from mining, and what does that mean?
People compete to “mine” bitcoins using computers. Nowadays, a winner is rewarded with 6.25 bitcoin per block every 10 minutes, isn’t that crazy?
Where are my Bitcoins stored?
Many people are afraid of bitcoin because it is not physical money, but the truth is that it only made the buying and selling process safer.
Right after purchase, bitcoin is stored in the “digital wallet” that exists only in the cloud or on the user’s computer. Thus, LunesPay maintains a decentralized portfolio for greater security.
Therefore, the concept of a digital wallet is nothing more than a virtual bank account similar to your physical bank. However, more secure and that allows you to send and receive bitcoins, pay whatever you want with the cryptocurrency or save money.
Transactions are recorded in the public ledger, but both the name of the buyer and the seller are never revealed.
What will the future of bitcoin look like?
If you are starting out in the world of Bitcoins, you may have heard that cryptocurrency has a fixed limit. The established bitcoin limit will be only 21 million, meaning the last bitcoin will be mined in 2140.
No one knows what the future of bitcoin will be at an intrinsic value, it is always rising or falling brutally. There is no standard behind it, and countries like China, Japan and Australia already have regulations for cryptocurrency.
Taxation has always been at issue in this asset, but it is unlikely that other countries will tax the currency until its end.
If you are interested in virtual currency for anonymity, efficient transactions, or the possibility of having an asset that can multiply exponentially from one day to the next, LunesPay maintains the most complete, fast and instructive Bitcoin purchase service in Brazil.
Earn rewards when paying with LunesPay!
We are a family owned and operated business.
Well, with LunesPay you make payments at partner businesses and receive personalized discounts for you! So, every time you pay using LunesPay, you earn points to exchange for cell phone recharges, account discounts, and more!
Download LunePay from the Play Store right here!
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