Where did Bitcoins come from ? and how can it be produced?.

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Imagine gold under the ground. We know it’s there, but its value is hidden until a miner ‘digs’ it up. In the Bitcoin world, a miner discovers Bitcoin by creating ‘blocks’ of all the transactions going on in the network and adds them to the blockchain.

                                photo credit: unsplash 

Want to know more about mining? Keep reading through our Bitcoin Topics.

In Satoshi Nakamoto's documentation on Bitcoin, He explained they could only be 21 MILLION BITCOIN in existence.
    And in it also stated they would need to be a global adoption of Bitcoin before all Bitcoin can be mined.
So How much Bitcoin is currently in circulation and is they any form of adoption yet ? But I stick to my biggest question.
           HOW MUCH MORE BITCOIN ARE OUT THERE? 
                               photo credit: Unsplash 

With the rapid growth of technology in our modern system today, Bitcoin would find it's way into the vast tehnological adaptation soon. VISION2020

For now let's know how we can get this Bitcoin for ourselves and be a part of early adapters to this technology. They are various means to own a Bitcoin i.e 1BTC
 Or a fraction of Bitcoin called SATOSHI 0.00001 Satoshi.
 
Here are some ways you can own a Bitcoin: 
  • You can buy them using fiat currencies ($, £ of € for example) at exchanges You’ll need a wallet  and a set of keys to store and exchange them.
  • You can become a miner and try to work out the secret puzzle for the current block, which will reward you with Bitcoins.
  • You can win them! Gambling sites have popped up to help people spend and earn their Bitcoin.

Did you know?

The first official purchase using Bitcoin was for pizza in May 2010. Two Papa John’s Pizzas were exchanged for 10,000 BTC. May 22 is now celebrated as Bitcoin Pizza Day.



NEXT ON THIS TOPIC: WHAT CAN YOU DO WITH BITCOIN 


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