BitCot

BitCot

Best Web Design & Mobile App Development Company

5.0 (17 Reviews)
About BitCot
BitCot is the top mobile app development and custom software company in San Diego, We believe in taking great ideas to reality and help launch great businesses. We design and develop top websites and mobile applications for startups, entrepreneurs, a...
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$50 - $99/hr
50 - 249
2011
United States
BitCot
Best Web Design & Mobile App Development Company
5.0 (17 Reviews)
2 Reviews
Client Reviews
AV HEROReviewed on 5/6/20
Very professional team.
Reviewed on 5/6/20 by AV HERO
Very professional team.
Rating breakdown
Quality
Reliability
Ability
Overall
Other details
Services:
Maintenance & Support
Project Status:
In progress
Rick BarreraReviewed 1 month ago
BitCot Rocks! Amazing Web Application Development Company
Reviewed 1 month ago by Rick Barrera
BitCot Rocks! Amazing Web Application Development Company
I was stuck on a software development project for years before I met this team. The team at Bitcot jumped in with both feet and got us up and running quickly. It was a complex project requiring custom coding and multiple integrations with other software. The fees were a fraction of what I had already paid for a failed project. Bitcot has been a great partner throughout the project, always available for whatever issues or opportunities come up. You can trust Raj and the Bitcot team with your project. They will get it done in short order at a reasonable fee. I have just begun exploring the depth of their capabilities. I look forward to partnering with them to see what else we can accomplish together. The technology stack used Node.JS, React, AWS and PostgreSQL.

What do you like most about the company?

Bitcot has been a partner with us from day one. We are moving forward together.

Rating breakdown
Quality
Reliability
Ability
Overall
Other details
Services:
App Designing (UI/UX)
Project Budget:
$200000+
Project Duration:
60 Weeks
Project Status:
Completed
Services

At BitCot, We create impactful mobile apps that solve real-world problems.

Our service includes Web & Mobile App Development, Software development, UX Strategy & Design, User Interface, Research & Discovery, QA & Deployment, VR & AI, RoR.

Focus
Service Focus
Discussions
  • Blockchain
  • Blockchain Technology
  • Bitcoin
1 Answer
Bitcoin is popularly known as the world’s first cryptocurrency. By definition, Bitcoin (a short form of Bitcoinica) is a universal digital currency distributed electronically. Unlike currencies in general, Bitcoin is not controlled by any particular body. It is a distributed end-to-end network.An amazing fact is that the person or a group who introduced open-source software Bitcoin under the alias Satoshi Nakamoto in 2009 is anonymous.  There have been several myths about the identity of Bitcoin’s creator but nothing has been revealed as of now. Many claimed themselves to be Nakamoto but no claims have been proven yet.Let us understand how Bitcoin works?To understand this, let me put an overview of Blockchain technology. So basically, you can think of it as a group of people sitting together playing poker but with no cash in hand.  So what they do is, each player prepares a ledger and records each transaction. After each round, they cross-check whether all the ledgers are in sync or not. This way they detect if anyone is manipulating figures. Eventually, they will have multiple sheets of transactions.Now, coming back to Blockchain firstly it is a distributed network of ledgers and people who use Bitcoin to send and receive payments digitally.There is no regulatory body that maintains the ledger, in fact, these are maintained by volunteers on the network. Each transaction is encrypted with a string of letters, and if any change occurs the entire block is recreated. In order to make a transaction using Bitcoin, you need an eWallet which is nothing but an address or public key along with a private key.Blocks are updated every 10 minutes hence it is considered highly secured and trusted by many businesses.Furthermore, how can you buy them?As mentioned above, to be able to buy Bitcoins, you need an eWallet. Once you have that, you can buy them directly from people via the marketplace with cash or credit or debit cards or you can even buy using other cryptocurrencies. However, it is no longer legal in India.That brings us to the next question, what can you buy with it?At the present time, you can pretty much buy anything virtually. Giants like Microsoft are also accepting BTC payments against their products. From buying premium accessories to traveling, BTC can be used widely for trading.Conclusion:Bitcoin exchange is a vast subject and very different from the stock exchange because there is much less risk involved.  A video by SciShow gives a good brief on Bitcoin and how it works.
Bitcoin is popularly known as the world’s first cryptocurrency. By definition, Bitcoin (a short form of Bitcoinica) is a universal digital currency distributed electronically. Unlike currencies in general, Bitcoin is not controlled by any particular body. It is a distributed end-to-end network.An amazing fact is that the person or a group who introduced open-source software Bitcoin under the alias Satoshi Nakamoto in 2009 is anonymous.  There have been several myths about the identity of Bitcoin’s creator but nothing has been revealed as of now. Many claimed themselves to be Nakamoto but no claims have been proven yet.Let us understand how Bitcoin works?To understand this, let me put an overview of Blockchain technology. So basically, you can think of it as a group of people sitting together playing poker but with no cash in hand.  So what they do is, each player prepares a ledger and records each transaction. After each round, they cross-check whether all the ledgers are in sync or not. This way they detect if anyone is manipulating figures. Eventually, they will have multiple sheets of transactions.Now, coming back to Blockchain firstly it is a distributed network of ledgers and people who use Bitcoin to send and receive payments digitally.There is no regulatory body that maintains the ledger, in fact, these are maintained by volunteers on the network. Each transaction is encrypted with a string of letters, and if any change occurs the entire block is recreated. In order to make a transaction using Bitcoin, you need an eWallet which is nothing but an address or public key along with a private key.Blocks are updated every 10 minutes hence it is considered highly secured and trusted by many businesses.Furthermore, how can you buy them?As mentioned above, to be able to buy Bitcoins, you need an eWallet. Once you have that, you can buy them directly from people via the marketplace with cash or credit or debit cards or you can even buy using other cryptocurrencies. However, it is no longer legal in India.That brings us to the next question, what can you buy with it?At the present time, you can pretty much buy anything virtually. Giants like Microsoft are also accepting BTC payments against their products. From buying premium accessories to traveling, BTC can be used widely for trading.Conclusion:Bitcoin exchange is a vast subject and very different from the stock exchange because there is much less risk involved.  A video by SciShow gives a good brief on Bitcoin and how it works.

Bitcoin is popularly known as the world’s first cryptocurrency. 

By definition, Bitcoin (a short form of Bitcoinica) is a universal digital currency distributed electronically. Unlike currencies in general, Bitcoin is not controlled by any particular body. It is a distributed end-to-end network.

An amazing fact is that the person or a group who introduced open-source software Bitcoin under the alias Satoshi Nakamoto in 2009 is anonymous.  There have been several myths about the identity of Bitcoin’s creator but nothing has been revealed as of now. Many claimed themselves to be Nakamoto but no claims have been proven yet.

Let us understand how Bitcoin works?

To understand this, let me put an overview of Blockchain technology. 

So basically, you can think of it as a group of people sitting together playing poker but with no cash in hand.  So what they do is, each player prepares a ledger and records each transaction. After each round, they cross-check whether all the ledgers are in sync or not. This way they detect if anyone is manipulating figures. Eventually, they will have multiple sheets of transactions.

Now, coming back to Blockchain firstly it is a distributed network of ledgers and people who use Bitcoin to send and receive payments digitally.

There is no regulatory body that maintains the ledger, in fact, these are maintained by volunteers on the network. Each transaction is encrypted with a string of letters, and if any change occurs the entire block is recreated. 

In order to make a transaction using Bitcoin, you need an eWallet which is nothing but an address or public key along with a private key.

Blocks are updated every 10 minutes hence it is considered highly secured and trusted by many businesses.

Furthermore, how can you buy them?

As mentioned above, to be able to buy Bitcoins, you need an eWallet. Once you have that, you can buy them directly from people via the marketplace with cash or credit or debit cards or you can even buy using other cryptocurrencies. However, it is no longer legal in India.

That brings us to the next question, what can you buy with it?

At the present time, you can pretty much buy anything virtually. Giants like Microsoft are also accepting BTC payments against their products. From buying premium accessories to traveling, BTC can be used widely for trading.

Conclusion:

Bitcoin exchange is a vast subject and very different from the stock exchange because there is much less risk involved.  A video by SciShow gives a good brief on Bitcoin and how it works.

Contact information
us
BitCot
16870 W Bernardo, Dr #400, San Diego, California 92127
United States
+1 858-683-3692