Why do hackers want payment through Bitcoins

       With the effect of Ransomware, everyone got curiosity towards Bitcoin because hacker asked the attacked users to pay ransom note of $300 Bitcoins.
But,

  • Why did hacker ask to pay through bitcoins? and
  • what is Bitcoin?
  • What is the value of single bitcoin?
  • How much worth will it be in future?
  • Is it possible to make free Bitcoins?

Topoint.in will bring you all these details speaking to the point.

bitocins-price-in-inr
       When you transfer money either by bank/wallet to someone,that transaction needs to be authorized and should be processed through the mediator i.e., either Bank/Wallet company. This mediator knows the details of both sender and receiver and has to work with regulations of government. So here, there is a chance of leaking sender, receiver and transaction details to some other third parties.

        But the case is different with bitcoin. The transactions you make using the currency are completely anonymous. Whenever a customer trade in bitcoin, a private key associated with their wallet is used to generate a bit of code. That code is publicly associated with customer transaction but no personal identifying information. Thus, every transaction is recorded and securely signed in an open ledger that any one can read and double check. So one of the probable reason why hackers chose Bitcoin as a form of payment is to protect their identity.

What is Bitcoin in Short :

       Bit coin is a kind of digital currency. The coins are created by users who “mine” them by lending computing power to verify other users transactions. They receive bitcoins in exchange. The coins can be bought and sold on exchange with U.S. Dollars and other currencies. You store it in an online wallet and with that wallet, you can spend Bitcoin online and in the physical world for goods and services.

The current value of Bitcoin:

       This simple widget gives you the current value of Bitcoin in Dollars and in Rupees.

Price chart of Bitcoin:

       This chart gives you the value of Bitcoin in recent months.

Did you noticed that the price of single Bitcoin is increased by Rs.30,000/- with in one week.


How much worth it will be in future:

       The experts say that there is a more scope to grow the price of Bitcoin by three times with in next year. There are many factors that shape the price of Bitcoin. To predict its growth/fall one should have knowledge on the factors that influence its price. If you are interested in making the investment through Bitcoin you can drop a mail at admin@topoint.in. Our financial experts will reach you out with best plans.

How to make Free Bitcoins?

       The moment you read this sentence You might felt like, is it true?
Yup… There is a verified and proven method through which one can make free Bitcoins. For more on how to make free Bitcoins subscribe to our Newsletter and wait for the article on how to make free Bitcoins.