BITCOIN क्या है? BITCOIN IS A CRYPTOCURRENCY | DRISHTI IAS MOCK INTERVIEW IN HINDI

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‘Drishti The Vision’ was founded on 1st November 1999. Since then, we have been one of the top choices for preparing for the UPSC Civil Services Examination (CSE). 

In recent years, and especially in the Hindi medium, there have been more than a thousand selections from Drishti IAS. We, therefore, believe that students who follow our methods and work hard on our scientifically designed schedules shall achieve success in this examination. With this goal in mind, we have finally decided to design, develop and prepare a one-of-a-kind course for English medium aspirants.

Another reason for launching our English medium course is to fill a void in the UPSC coaching community. This void, as described by many of the aspirants, is that of a well-structured and intensive classroom programme. Aspirants want a classroom programme that gradually takes them from the very basics of a subject to the level needed for UPSC CSE. They also need classroom programmes that do not burden them to the extent of them being not able to maintain their own study time.

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Bitcoin (₿) is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto.The currency began use in 2009 when its implementation was released as open-source software.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Bitcoin has been criticized for its use in illegal transactions, the large amount of electricity (and thus carbon footprint) used by mining, price volatility, and thefts from exchanges. Some investors and economists have characterized it as a speculative bubble at various times. Others have used it as an investment, although several regulatory agencies have issued investor alerts about bitcoin. In September 2021, El Salvador officially adopted Bitcoin as legal tender, in the face of internal and international criticism, becoming the first nation to do so.
The word bitcoin was defined in a white paper published on 31 October 2008. It is a compound of the words bit and coin. No uniform convention for bitcoin capitalization exists; some sources use Bitcoin, capitalized, to refer to the technology and network and bitcoin, lowercase, for the unit of account.The Wall Street Journal, The Chronicle of Higher Education, and the Oxford English Dictionary advocate the use of lowercase bitcoin in all cases.

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