What is Bitcoin? What are the other options other than Bitcoin?

Bitcoin - Bitcoin's best alternatives 

Hello friends welcome to thebetterlives.com . A currency has emerged quite rapidly in the last decade, the name of this currency is cryptocurrency.

You must have heard these words at some point or the other. Well, for those who don't know, let me tell you that cryptocurrency is a virtual currency. Also known as digital currency. Many agencies have described this as the method of value exchange.

So let's understand what this crypto currency is?

Mexican currency is Mexican Peso, Italy has the Euro and the US currency is the Dollar. But this is a physical currency that you use for cash transactions.

Currently, many people also use net banking and online payment apps. All these transactions are done under the supervision of your bank. That means the party you are paying, acts like a middleman between him and you.

But cryptocurrency is a bit different. You do not need any middleman to use this currency. It is a currency that is not controlled by the central bank of any country. Every transaction is directly between the payee and the receiver.

As I already told you that crypto currency is a virtual currency that cannot be printed. It can only be stored electronically, it is de-centralized.

Decentralize means that the center is not in control. Not even the one who made it. Through this you can buy or sell virtual e-things.

You must have heard the name of Bitcoin, it is the first cryptocurrency in the world. In 2008, a mysterious figure named Shato Si Naka Moto invented it in Japan and released it as an open source software in early 2009.

Bitcoin is often compared to gold. This is because it is also limited like gold. That is, its quantity is limited and after a time it cannot be made any more. That is why its price is increasing year after year just like gold.

In its early days the price of one bitcoin was so low that in 2010, 1 Bitcoin Minor bought just two pizzas from Papa John's South Let in Florida for ten thousand bitcoins.

This was the first such transaction of bitcoin in the world, in which something was bought through bitcoin. But as time passed its price started increasing. So let's take a look at its price history as well.

In February 2011, the price of one bitcoin was one US dollar. In November 2013, bitcoin became equivalent to US $ 1242, almost 30 months later. In May 2017, the price of bitcoin crossed $ 2000 for the first time. After this, there was such a surge in its price that the whole world was stunned. Bitcoin reached $ 5000 in September 2017, $ 8000 in November 2017 and even above $ 19000 in December 2017, and if we talk about 2020, in December 2020, Bitcoin has crossed the 28 thousand dollar mark. In 2021, bitcoin crossed the $ 50,000 mark for the first time on Tuesday. It is believed that due to the approval of Bitcoin as digital currency by many companies including electric car maker Tesla, its prices are continuously increasing.

Talking about Indian currency , there is a bitcoin of about 28 lakh rupees. Talking about the last month, the price of bitcoin was seen to increase more rapidly. Talking about India, there was no bitcoin in India about 1 year ago.

It was illegal to use any cryptocurrency. Because in April 2018, RBI banned trading of crypto currency. During that time Finance Minister Arun Jaitley also said that the government considers the use of crypto currency as illegal. But on 4 March 2020, the Supreme Court lifted the ban on the crypto currency imposed by the RBI.

After which the crypto currency started being used officially in India and today it is not known how many Indians. Those who have become millionaires overnight by investing in bitcoin. Now if bitcoin is gold, then silver will also be there in the crypto currency market. Actually, crypto currency is not the only bitcoin currency in the world, apart from that there are many coins which people are using a lot. Light coins and Ethereum are also some such currencies, which people are using a lot.

But one crypto currency that is advanced with all the features of bitcoin and also different from all these is backpacker coin. It would not be wrong to call backpacker coins as cryptocurrency silver. Because whoever uses it, its silver is silver. Its supply is 1000000 less than bitcoin. But the speed of sending it is 10 times more than bitcoin. So let's talk in detail about backpacker coins.

As you can guess from the name of this, Backpacker Coin has been launched in the crypto market for travelers and tourists.

But due to coronavirus, all types of travel are closed. This may sound very bad news. But if you are thinking of traveling or traveling in the coming time, then this may not be good news for you.

Actually now The price that the backpacker coin is going on was bitcoin 9 years ago. Today you can buy a backpacker coin for ₹ 73 Just imagine if the backpacker coin also caught the same speed that bitcoin caught.

So how many crores will you gain in the coming time. In the future, if you want to go to some foreign country, then you will not have to buy currency of that country. All you need is a backpacker coin. Everyone in the world has to go on paying. This seems far away, but today the atmosphere is related to crypto. Looking at it, it seems that you will be able to use the backpacker coin soon.

Another advantage of this is that you can save conversion cost by this, in fact it costs 5% to buy currency of other countries which is called conversion cost. But for those using backpacker coins, the conversion cost will be 0.01%. This will save money and your currency will also be safe.

Not only this, if you have to send money abroad or have it ordered, you can still do so at 0.01 percent cost. Don't wait too much just within minutes. Buy a backpacker coin according to your pocket and there will not be a better opportunity to roam the world in the coming time.

It is also recognized as a cryptocurrency global currency. But its rule in India is different. For example, if you buy bitcoin from any exchange in India, you have to pay a premium on it.

Now the reason why you have to pay this premium is nothing but profit booking. You can also check the rate of bitcoin on Google itself and when you compare it with any exchange in India. Then the truth will automatically come before you.

But this is not a matter of panic, in India you can now buy or sell crypto currency on Google from Visa Pay Exchange, this is the indigenous exchange which is completely made in India.

It is challenging, but necessary, to do so among the exchanges already operating in India. You can start your cryptocurrency dream with Visa Pay. If you believe that the Visa Pay project can change and make a place in India's crypto market.

So you can buy your stake in this project for just ₹ 5000. So this is the whole mathematics of cryptocurrency. Through which I have tried to tell you the future of cryptocurrency. But along with this, I would also advise you that before investing in crypto, you should first know and understand all the risks associated with it.