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What is Bitcoin?

 
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What is Bitcoin?

What is Bitcoin?

Bitcoin is the 1st digital currency in the world. BTS was created in 2009 by Satoshi Nakamoto.

1 bitcoin is 100,000,000 satoshi. Accordingly, 1 Satoshi is 0.00000001 1 Bitcoin.

Bitcoin (Bitcoin, BTC)is a new generation of decentralized digital currency that works only on the Internet. Bitcoin is not controlled by anyone, the currency is issued through the work of miners around the world using a program for calculating mathematical algorithms on computers. This is the essence of Bitcoin.

People can send bitcoins to each other using mobile apps or their computers. It's like sending cash digitally.

Only 21 million bitcoins can ever be created. This was laid down when creating btc. Therefore, the price of bitcoin will become more expensive in the future, so many Experts believe.

Predictions Of Bitcoin

Bitcoin was predicted 12 years before its appearance by the famous writer Lord William Rees-Mogg, "The advent of the Information age entails a revolution of money," -this is how the chapter of the book "The Sovereign Personality" published in the 90s begins. "Soon you will be paying for almost all transactions on the web or the world Wide Web using cyber money. This new digital form of money will play a key role in cyber trading. The money will consist of encoded sequences of prime numbers in the Predictions Of Bitcoinorder of many hundreds. Unique, anonymous and reliable-they will ensure the implementation of larger transactions. In addition, they can be divided into the smallest fractions. This money will function ... in a multi-trillion dollar market that knows no boundaries, " the author of the book said.

If you decide to send Bitcoin, the transaction will be made directly by the participants, and does not depend on the amount of Bitcoins, this means that the banks are not involved in this! There is no transaction fee. If you send at least 1 Bitcoin or at least 1/100 of it, the transaction price does not change, in order to send quickly (up to 20 minutes) any amount of Bitcoin to another electronic wallet, you will have to pay 100,000 satosh (the price changes, now it has increased, it was generally free). You can not pay the miners and your transaction will take place from 2 days to 2 weeks. BTC transaction cannot be revoked, cannot be tracked

to whom bitcoin has gone . Upon completion, the transaction receives 6 confirmations in the Bts network and the money is Bitcoin todaytransferred to the recipient's wallet.

If you want to send Bitcoin to anyone, there is no need to specify your real name, although 1 Bitcoin today is not a small amount of money and no one will know that you received this Bts or sent it.

More and more sellers are starting to accept Bts. Bitcoin is the most famous cryptocurrency in the world.

The use of Bitcoin in the US and Canada is legal. In these countries, there are ATMs that accept BTC and Bitcoin is traded on exchanges.

What is the difference between Bitcoin and other currencies?What is the difference between Bitcoin and other currencies?

Bitcoin is not based on gold; it is based on mathematics. Transactions with BTC are transparent and anonymous.

Bitcoin can be used for purchases in electronic form, these purchases can be anonymous.

Bitcoin is easy and cheap to spend, although its price is high, because bitcoin is not tied to any country and is not subject toregulation. No institution controls the Bts network. You can buy and sell, exchange bitcoin on trading platforms on exchanges or exchangers. Now there are a lot of exchangers on the Internet, one of the well-known WebMoney. It is good because it has phone support in Russian and has an office in Moscow.


 

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