20 Bitcoin To Inr

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.In India, as of now, there is no regulation on Bitcoin. The Reserve Bank of India (RBI) has not given any statement on Bitcoin. However, in 2013, the RBI issued a warning about virtual currencies to users and traders.

Bitcoin price is volatile and can go up or down a lot in price. In January 2017, one bitcoin was worth Rs 66,000 but by December 2017, its value had increased to Rs 1.5 crore.

oin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment.

The value of bitcoin has seen massive swings over the years, from $0 to over $1,200 per bitcoin! As of this writing (March 2017), one bitcoin is worth about $1,000 USD.