Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, so-called because it uses cryptography to control the creation and transfer of money. Conventionally, "Bitcoin" capitalized refers to thetechnology and network whereas lowercase "bitcoins" refers to the currency itself.
Bitcoins are created by a process called mining, in which participants verify and record payments in exchange for transaction fees and newly minted bitcoins. Users send and receive bitcoins using wallet software on a personal computer, mobile device, or a web application. Bitcoins can be obtained by mining or in exchange for products, services, or other currencies.
Bitcoins are created by a process called mining, in which participants verify and record payments in exchange for transaction fees and newly minted bitcoins. Users send and receive bitcoins using wallet software on a personal computer, mobile device, or a web application. Bitcoins can be obtained by mining or in exchange for products, services, or other currencies.
state-of-the-art encryption that is used in military and government applications.
It is Open and Fully decentralized. Bitcoin is open-source. Nobody owns it; the most popular client is maintained by a community of open-source developers.
There is no fair for using bitcoins. As there is no any centralized entity like bank. Bitcoins transfer is direct pear - to - pear no taxes n all. Using the Bitcoin network is free, except for a voluntary fee you can use to speed up transaction processing.
So be a miner and generate your own bit coins!
