What cryptocurrency Bitcoin?
Bitcoin, what is it? Chips Bitcoin — a new cryptocurrency electronic means, which creates an unknown programmer (or a group of programmers) under the pseudonym Satoci Nakamoto. This happened in 2009. The term «Bitcoin» and specificity (ability to work Bitcoins) invented by him. Nobody knows where this man and his name in the real world. He created not only the program but also a special application — on your PC, a purse containing cryptocurrency Bitcoin.
Cryptocurrency Bitcoin has the basic functions and properties of conventional money from different countries:
- A medium of exchange;
- A store of value;
- The unit of account.
However, Bitcoin is cryptocurrency.
Cryptocurrency and Bitcoin Wikipedia describes as follows: cryptocurrency — a type of digital currency. Its emissions and accounting based on different encryption methods. But the operation takes place in a decentralized, distributed network.
It should at least briefly mention the second most popular cryptocurrency — Laytkoine. This is the same cryptocurrency only transaction of this algorithm cryptocurrency slightly faster. Bitcoin Laytkoin and can be compared to gold and silver. Today there are already more than a dozen smaller cryptocurrency.
Cryptocurrency Bitcoin: how can I use it?
Bitcoin can be used to purchase goods and services on the Internet anonymously. In addition, to make international payments easily and cheaply because Bitcoin is not tied to a particular country.
To store Bitcoins have a few options:
It is installed and is created on your PC. Usually, it is encrypted to prevent tampering.
However, there are some cons, if you forget the password to log into a purse or a computer hard fly — you lose all access to their funds.
Online Bitcoin wallet has advantages over the offline version. You can access it using not only PCs but also a tablet or phone. Specificity is similar to conventional Kiwi wallets, WebMoney or internet banking.
One of the main problems of these purses is that all data is stored on the server. If the server is hacked, hacked and all the information.