BUYUCOIN - India's first CRYPTO CURRENCY and ALTCOIN Exchange and Wallet.

The block chain is a ledger  which is having records of bitcoin transactions. Each and Every Transaction records in Block Ledger. It is a transaction database shared by all participants participating. It contains each and every transaction ever executed in the currency. With this it’s easy to find out how much value belonged to each address at any point. Each block in the chain is guaranteed to come after the previous to justify the address of previous block. The properties of blocks make bitcoins transactions irreversible. The block chain is the main and very innovative property of Bitcoin. The Bitcoin is valid only if all of the blocks and transactions within this are valid.The maintenance of the blockchain is performed by a network of nodes connected with each other in this network. Nodes validate transactions and after validating nodes add them to their copy of the ledger and then broadcast this ledger to other nodes. It is just like a distributed database it  Performs  indepen

Bitcoins are  virtual coins designed with no need to go to banks to for exchanging money.You can use bitcoins to purchase goods/ services online or you can keep them with the hope of increasing the money.Bitcoins can be exchanged from one wallet to another. A wallet is a personal database that is stored on computer, your smartphone, on your tablet.There is no need to take technical training  for using the Bitcoin. After installing a Bitcoin wallet on your computer or mobile phone, The First Bitcoin Address will generated and as per requirement time to time its possible to generate more address. The address need to  disclosed for exchanging Bitcoins.Using that address you can pay and get money.

Bitcoin mining is a process of adding transaction records to Bitcoin ledger that each and every node can see. The ledger contains the record of the past transactions is called the block chain. Bitcoin is the way to exchange token online without depending on any centralized authority. The record-keeping system is decentralized into a blockchain that records the transaction details of all bitcoins and every connected machine in bitcoin network can see the ledger. As it is true there is no central authority. So its necessary to validate the transactions before adding into Block Chain. To control the problem of validating the transaction the process of mining is developed. A proper algorithm is developed for this process. In every ten minutes the mining computers collect pending bitcoin transactions and convert them into a mathematical puzzle. When the first miner finds out the solution then it inform it to others on the network. Then other miners check it properly whether the send

Bitcoin is the simplest way to exchange money at low cost.   It is a new and innovative and complete digital payment system. It is the first decentralized peer-to-peer payment network controlled by its users not by any bank or any centralized authority.With Bitcoin you can exchange money  24*7 even on holidays. You can use Bitcoin on mobiles to pay with a simple two step of scan-and-pay. For this you need not to create account,swipe your card, share your PIN etc.   Its very easy to send bitcoins even across borders in very less time and without any extra charges and without any limitation of sending min.or max.amount to be transfered.    Transactions made through Bitcoin  are completely secured by military grade cryptography. Without any fear of loosing money you can do exchange.In this nobody can transfer money or use your money without your consent.So money can be protected in wallet usding highly secured protection system so there is no chance of fraud or Tempe

Exchange freedom:- Using Bitcoin its very easy way to exchange payment anywhere in the world at any time.Bitcoin can be exchanged on even bank holidays. Users have  full control on their money. Money Exchange Charges:-   Main benefits of bit coin service is that there is no fee to receive bitcoins as other wallets charges high fee to pay.Higher fees encourage faster confirmation of your transactions. With Bit coin you can send 100,000 bitcoins for the same fee it costs to send 1 bitcoin. Secure Transactions:- Bitcoin transactions are secure as well as  irreversible,The transactions do not contain customers’s personal information. This protects merchants from fraud loss caused by fraud or fraudulent charges. under control:- Bitcoin users have  complete control on their transactions; in other methods its impossible for merchants to track unwanted or unnoticed charges. This offers strong protection against identity theft. Bitcoin users can also protect their money wi