Exploring Bitcoin Mining and Bitcoin Vault

*LET'S START WITH HOW IS BITCOIN & BITCOIN VAULT DIFFERENT TO OUR LOCAL MONEY LIKE THE RAND/PULA/DOLAR, ETC?*

• Bitcoin is a Digital currency, not tangible (can't touch it but use it like you use the Rand)

• It is a commodity like gold (called Digital Gold) 

• Not affected by inflation, thus grows in value over time (worth more with time unlike the Rand that has depreciated or lost value by over 65% in 10 years)

• Decentralized Digital currency (No one person, company, government or country controls it)

• Global currency (used all over the world)

• Creates equality (The worth is the same all over the world unlike rand vs dollar for example)

• Bitcoin was discovered in 2008 and then was launched in 2009 *(11 years in existing)*

• Transaction fees are minimal compared to current banking system with faster transaction speed

*HOW IS BITCOIN AND OTHER CRYPTOCURRENCIES PRODUCED?*

• Bitcoin and Bitcoin Vault are digitally generated or produced through a process called *Mining*. This type of Mining its not the one which you go dig underground physically, but it’s a *Digital Mining* which is done by Specialized Computers. Take it this way - our Reserve Bank also uses Specialized Computers to print money, but we cannot own those machine 

• With Cryprocurrency, Individuals like you and I can become miners by owning these machines through shareholding in one of the companies involved in mining

• In a nutshell Bitcoin Vault Mining is the verification of Bitcoin transactions which is done every 10min period by these computers on the BLOCKCHAIN TECHNOLOGY

What if you could *reverse time* and rectify the missed opportunity of BITCOIN in the last 11 years when Bitcoin was only less than $1 ( R1.40) in 2010 or even when it was still just over $50 - R1,000 as compared to just below $9,000 (R170k) today?

Well, here's our *ticket to new wealth*, for both me and you! A NEW cryptocurrency called *BITCOIN_VAULT!* - BTCV which has been launched only in December 2019. 

There's no doubt about BITCOIN being a big deal for many years and will be for yet many more years to come! It surely has since made many people millionaires in just 11 years of existance.