Bitcoin Prices in Google Search Results
Wish to know the Bitcoin value today? Not to worry Google can tell you. In latest development, Google has now added a Bitcoin calculation tool to its search results. You can check bitcoin value for certain queries such as “Price of BTC” or “Bitcoin price.”
A same feature is also available through the Google Search app on smartphones.
So What Is Bitcoin?
Bitcoin is a normally named as digital currency. It is a software-based online payment system described by Satoshi Nakamoto and was introduced as open-source software after one year of its launch.
Payments are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a crypto currency or digital currency.
Bitcoins can be obtained in exchange for fiat money, products, and services. A person can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application. Bitcoins can be bought and sold with many different currencies from individuals and companies.
So What Made Google To Introduce This Tool
Since Google wants to give its user the best possible user experience and because of the growing popularity of botcoin, they do not want to miss an opportunity by providing its users what they really want to see or check.
Bitcoin as a form of payment for products and services that has seen a tremendous growth since when it was introduced, and merchants have an incentive to accept the digital currency because fees are lower than the 2–3% typically imposed by credit card processors.
One way of investing in bitcoins is to buy and hold them as a long-term, high-risk investment and growth of the bitcoin supply are predefined by the bitcoin protocol.
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