What is bitcoin

( Bitcoin ) is a currency unblinded and the system of payment of a world can be compared to other currencies such as the dollar or the euro , but with several key differences, notably that this currency is an electronic currency is fully traded via the Internet only without the presence of her physical. [1] It is the first decentralized digital currency - a system that operates without a single central repository or manager, that is, it differs from traditional currencies with no centralized regulatory body behind it. Transactions are made to the peer-to-peer network between users directly without an intermediary through the use of encryption. These transactions are verified by holding the network and recorded in a distributed account book and a year called the series of blocks . The bitcoin invented an unknown person or a group of people known as Satoshi Nakamoto and issued as an open source program in 2009.

Betquin is created as a reward for a process known as mining . They can be replaced by other currencies, products and services. As of February 2015, more than 100,000 merchants and sellers of Bitquin have been adopted as payment currency. Cambridge University research estimates suggest that in 2017, there are between 2.9 and 5.8 million users using a digital currency portfolio, most of whom use bitcoin.