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bitcoin


Bitcoin is a virtual currency that uses P2P technology to carry out exchanges of value without the intervention of any bank or central body. Transactions and the issue of new Bitcoins are entirely controlled by the network. Bitcoins are the first cryptocurrency that was invented. Historically, Bitcoin is the cryptocurrency with the highest capitalization and also the highest price per single token.


Bitcoin is now a consolidated reality and although its listing on the market is subject to fluctuations even quite large from time to time, so far this virtual currency has overcome all the obstacles it has faced. Being the most traded currency, it is also quite stable although always subject to sudden changes in value compared to FIAT currencies, or the so-called traditional currencies.


The algorithm on which the BTC blockchain is based is the SHA-256 with Proof-Of-Work. Thanks to this algorithm Bitcoin can be transacted in a completely anonymous and secure way. Bitcoin accounts are in fact maintained by a public ledger and are assigned to an address, not to a person or an entity. Excluding the option to participate in their creation (an activity that has become too expensive.


The transactions involve the transfer of Bitcoin through special software that mask the complexity of the underlying blockchain: the so-called Wallets. Each wallet maintains a private key (or seed) which is used to sign the transaction by providing proof that the BTCs come from the owner of the wallet. The signature also serves to prevent the transaction from being changed by any third party who intercepts it. All transactions can then be made public among blockchain participants who usually confirm them, every 10 minutes, through a process called mining. Wealth matrix is used to earn money from bitcoin.


The mining precisely serves to confirm a transaction and also to create new Bitcoins. Mining also allows a transaction to be confirmed in a neutral way by all the computers that are part of the network, without the possibility that the blocks that make up the transactions are changed. To do this, the blockchain uses a lottery-type mechanism, which makes it very difficult for an individual or a group to control the blocks to be included in the blockchain and therefore makes the Bitcoin network very difficult to hack. It is highly recommended, especially at the beginning, the daily reading of the official forum (bitcointalk) where you can find discussions, information and news on practically every currently existing project. All this just to have a basic smattering, which is the fundamental condition for being able to operate in this world; depending on what you want to do, then, you will have to specialize in a certain sector.


How to invest in Bitcoin?


To invest in Bitcoin there are several options, some simpler and others more complex. First of all, let's start by saying that the main difference lies in the possibility of owning the Bitcoin token, or the BTC, or investing speculating on the price trend.


To own the BTC it is necessary to register on an exchange , there are more or less famous ones among which we mention eTorox , the cryptocurrency exchange of the eToro Group , which obtained the license as a regulated supplier with license number FSC1333B from the Gibraltar Financial Services Commission , i.e. the Gibraltar Financial Market Supervisory Authority.


Alternatively, you can also buy Bitcoin on the platform of the eToro broker, which has become famous in the world thanks to social trading. To join the 10 million traders present, visit the eToro website from


To invest in Bitcoin, however, it is not necessary to own the BTC and manage it through a wallet, but just relies on eToro CFD trading. To trade on this broker you need to click on the link shown above. On the same platform you can choose whether to buy Bitcoin or invest on the price trend of the Bitcoin quote (BTC / USD).


Bitcoin exists because there is a network of people around the world who allow it to function, these people do it because this allows them to earn money by doing it not only allow the network to function but also certify its security and reliability.


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