Bitcoin, the currency that is changing the world.
Bitcoin is a currency like the euro or the US dollar, used to exchange goods and services. However, unlike other currencies,
Bitcoin is an electronic currency that presents novel features and notable for its efficiency, safety and ease of exchange. Their biggest difference compared to other currencies, is a decentralized currency, so anyone possession. Bitcoin has no
central issuer as dollars or euros, the cryptocurrency is produced by individuals and companies around the world devoting considerable resources to mining. If you know what is bitcoin and what you seek is directly buy bitcoins, here you have an entry in the web that explains it.
Here we go with the guide. In this guide you will learn.
To choose between different types of wallets Bitcoin to exist, to explain how Bitcoin, its different types of addresses.
Benefits and advantages of Bitcoin Today, it is the most widely used digital currency from around the world and there are good reasons why it is becoming increasingly popular.
Both private users and vendors and business owners are in Bitcoin important advantages that have led them to adopt this system.
Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.
Satoshi's anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin. The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software. Just like current developers, Satoshi's influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin. As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper.
Who controls the Bitcoin network?
Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.
How does Bitcoin work?
From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them. This is how Bitcoin works for most users.
Behind the scenes, the Bitcoin network is sharing a public ledger called the "block chain". This ledger contains every transaction ever processed, allowing a user's computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending bitcoins from their own Bitcoin addresses. In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward in bitcoins for this service. This is often called "mining". To learn more about Bitcoin, you can consult the dedicated page and the original paper.
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