Bitcoin as Digital Currency

in #bitcoin7 years ago (edited)

Dear Steemit friends


It is still a mystery. Bitcoin was first launched in 2009 by a person or group of people that operate under the name Satoshi Nakamoto. Bitcoin later adopted by a group of fans. Nakamoto no longer dabbling in bitcoin when currencies began to become widespread attention. But his supporters did not object. It has its own internal rules.

Bitcoin is a digital currency that is not tied to the bank or the Government and allows its users to shop without revealing their identity. These coins were created by the users of the "mine" their currencies by lending the power of computing to verify transactions of other users. They accept bitcoin as reward. These coins can also be bought and sold with the exchange of currencies the US dollar and other currencies.


Bitcoin is basically a sequence of computer code that is digitally signed currency each time it was moved from one owner to the next owner. The transaction can be done without revealing identity the culprit, making it popular among the lovers of freedom, in addition to its fans, the speculators and the criminals.

It became quite popular that occurs more than 300,000 transactions daily recently, according to the website of the bitcoin blockchain info. A year ago, its activity is approaching 230,000 transactions per day.

Bitcoin network work with utilize the greed of the individual to the collective goods. A network with users who are skilled in the field of technology called miners maintain honesty system by pouring the computing power into a blockchain, a global calculation that records each transaction bitcoin. Blockchain prevents those who intend not to spend either the same bitcoin twice, and the miners was awarded for his efforts sometimes in the form of bitcoin. During the miners keep security blockchain, will not be a problem of forgery.


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