A new Cryptocurrency: Bitcoin

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Now a day Bitcoin is a very popular mode of digital investment of money. It has a large and rapidly growing energy and environmental path now days. Bitcoin was developed in January, 2009 by Satoshi Nakamoto. Satoshi Nakamoto invented a new digital currency with Version 0.1 of bitcoin 9 January 2009. It is a digital currency or cryptocurrency which means this is just the lines of computer code with some financial value. These lines of code are generated by computer programmers on high performance computers. The concept of this type of currency is based on cryptography and with the help of this concept a key is provided at server and client end for the purpose of security. Synonyms of Bit coins are Altcoins, Litcoin, Peercoin, Feathercoin, Ethereum etc.

Bitcoin value from 2009 to 2017

In above graph we can see that there is no any change in Bitcoin value till 2012 but from 2013 to 2017 it continuously increasing. In terms of Dollar in January 2015, $170 was market value of Bitcoin and it values $2772 as on 24th July 2017. There are frequently changes in the value of Bitcoins and it is likely to continue.

On the basis of this scenario some graphs are taken of current year and these graphs are showing the values of Bitcoin from 1 Jan 2019 to 16 March 2019. During this era the lowest value of one Bitcoin was notices at 6 Feb, 2019 which was 243777.58 INR and the highest value was noticed on 23 Feb.2019 which was 289352.45 INR.

Dr. Neetu Agarwal

Dr. Neetu Agarwal

     HOD, Assistant Professor
     Computer Science Dept.
     Pacific College of Basic & Applied Sciences
     PAHER University, Udaipur (Raj.)