India's Largest Bitcoin
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WHAT IS BITCOIN?

Bitcoin(BTC) is a digital/crypto currency developed in 2009 by Satoshi Nakamoto, a pseudonymous identity, in response to the inevitable shortcomings of the traditional monetary system. Bitcoin was created with the sole purpose of transferring trust, from centralized institutions like banks and governments, to the individual while providing scalability in value as a hedge to inflation. Bitcoin exists only digitally and operates as a peer to peer system of linking users using the Bitcoin blockchain for transferring value or transacting, eliminating the need for a centralised entity like banks or governments, while providing transparency and safeguarding user’s privacy at the same time.

Bitcoin is stored/transferred/transacted via the Bitcoin Blockchain, a decentralised public ledger or database which holds a record of all the bitcoins transacted from the day of its creation. Bitcoin is transferred between different users in the blockchain through groups of transactions called blocks. The Bitcoin blockchain displays only the details of the transactions done in the blockchain while keeping the identity of the user of those transactions anonymous. The Bitcoin Blockchain is an open free for all public ledger which allows all users to actively participate in verifying the authenticity of the transactions(blocks) done in the blockchain which prevent bad actors from attacking the blockchain and also rewards the users in Bitcoin for doing so. The computing power of all the users involved in the blockchain verification is measured in hashrate and the current hashrate of the BTC blockchain is 119.18 Exahash/sec, a computing power which is not compete able even by the top 500 supercomputers in existence today. Hence security of the BTC blockchain is unquestionable as such a computing power would be required to hack or double spend funds in the Blockchain.

Bitcoin as a decentralised store of value (e.g. Gold) is gaining more popularity because the flaws of the traditional banking and monetary system are getting more prominent with each day. Almost all major financial crises are attributed to the unsound financial practises of centralised banks like Fractional Banking, Quantitative easing(Printing more money)etc which leads to market collapse, hyper inflations and much more, so the need for a decentralised store of value which is free from centralised controls, censorship such as that of Banks and Governments is on the rise. Bitcoin is mathematically limited to a total of 21 million coins that can ever be created, so the scarcity and increasing demand of bitcoin provides a scalable hedge against inflation.

Bitcoin is a revolution in Internet, Technology and Money and is here to stay

HOW TO USE TRIDENTEX.IO

These simple steps can be followed to use trident technologies exchange services safely and efficiently.

1.Register user account using valid email address and a strong password. Please select normal account if individual user or corporate account if a company operates the Tridentex.io account. Verify your account via verification email sent to your email address.

2.Enter relevant data and upload corresponding documents for KYC verification. KYC verification make take up to 24hours to be verified.

3.After KYC verification is verified please add your bank details for deposit and withdrawal of fiat. The bank account must be linked to the users PAN and 3rd party accounts should strictly not be used.

4.Once user bank details are added and verified the user can deposit funds to the Trident Technologies exchange bank account through the deposit option and furnish relevant details such as Amount and reference numbers and mode of payment etc. through the forms provided.

5.Deposited funds will be credited to the users wallet balance within a few hours to a maximum of 24hours.

6.Users must add their Bitcoin wallet address to which they want to receive purchased BTC in the address section. Users are liable to check and double check the address which they enter for receiving bitcoin.

7.User can then BUY and SELL bitcoins in the BUY/SELL tab. Buy and sell orders which are created are executed accordingly based on first come first serve basis. Orders can be cancelled by the exchange due to circumstances of high price volatility or high transaction confirmation time of BTC and funds ae returned to the user fiat wallet or bitcoin address. Users can contact support for assistance in such circumstances.

8.Users can withdraw Funds to their bank account via the withdraw tab and funds will be credited to the users registered bank account only within an hour to 24hours at most.

9.Any customer/user suggestions/grievances will be gladly addressed via user support mail.

10.Users or corporate users who wish to buy more than 10BTC can contact us via mail or visit us in person at our HQ.

Is Bitcoin and Blockchain Saperable?

Yes, they are seperable. However, blockchain tech has existed long before bitcoin's inception. It wasn't widely used becuase a blockchain is not very efficent as a data structure.

It wouldnt be possible to achieve decentralization with blockchain alone. In order to achieve decentralization, there should be an asset with an intrinsic value that can only be obtained through active participation in the network.

Bitcoin facilitates this participation through what is known as a consensus mechanism. Anyone with a computer could have intially partaken in this ecosystem to mine bitcoin or run a full node.

A bank or Government could start a blockchain based currency tomorrow but it wont be immutable, censorship resistant, decentralized or even be able to match bitcoin's network (strength currently 125 EH / s ).