Introduced in 2009, Bitcoin is an online, digital currency which doesn’t have a central bank or ownership and is often referred to as a peer-to-peer payment system. Bitcoins are generated through a process known as "mining." This involves using specific software to solve maths problems. When a maths problem is solved, the "miner" is rewarded with a Bitcoin. These Bitcoins can then be exchanged for goods and services. Although the number of companies who accept Bitcoins is currently limited, as the currency becomes more well known the number is growing. Bitcoins can also be bought using other currencies. Bitcoin is also a "crypto-currency" which means it uses cryptography to drive the production of Bitcoins and Bitcoin transactions. This makes the currency extremely secure. The "block chain," which is effectively a public book of accounts, is used to check that genuine Bitcoins are being exchanged in all transactions. Bitcoin benefits from no limits of exchange as users can perform instant transactions at an
Bitcoin to Libyan dinar conversion
this page last updated:: Wed 22 Nov 2017
Convert Bitcoin to Libyan dinar
Libyan currency has many nicknames. The Libyan Dinar is referred to as 'Jni' or 'Jneh.' The informal name for 10 Dirhams is 'Garsh'. 'Kilo' is used to describe 1000 Dinars, 5 Dinar banknotes are called 'Faifa' and the 10 Dinar banknotes are called 'Tsena.' 'Omar El-Mokhtar' is the name for the Libyan Dinar currency in general, named after a fighter who appears on the 10 Dinar banknote.
Bitcoin to Libyan dinar table