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YOUR PERSONAL GUIDE TO

THE LATEST SENSATION OF THE

WORLD - BITCOIN

- Jai Kumar


         
                                        the entire nation breathless, or with a nasty
This new currency, started a little less than a   scar.
decade ago, has now become a sensation, a
rouge. Created by Satoshi Nakamoto, Bitcoin       The main reason why Bitcoins are so popular
is a form of digital currency, electronically     and high in demand in India is because they
created and held. The main reason why Bitcoin     can be used to buy merchandise and products
has given the whole nation goosebumps is          anonymously. Bitcoins can help simplify the
because it is not controlled by anyone, that      process of international payments, making it
means that the bank or the government cannot      not only easier, but also cheaper as Bitcoins are
intervene in any of the transactions that take    not tied to any country and the tax on Bitcoins
place via bitcoin. Even though Bitcoin is a fast  are limited. Due to this, many people are now
and newly emerging idea and is already            attracted to Bitcoins and this is a main reason
sensationalised by the media, the lower class     for its ever-growing popularity.
people of developing nations are still not aware  Now, the most obvious question about Bitcoins
of this craze. Now, the only real question is     would be “how should I purchase them in the
whether the discovery of bitcoins would leave     first place?” Well, to purchase Bitcoins there
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