Bitcoin is an innovative payment network and a new

in #bitcoin7 years ago (edited)

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Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto. The name is also associated with open source software he designed, and also use the peer-to-peer or centralized storage without a single administrator where the United States Treasury Department calls a bitcoin eyes money is decentralized. Unlike currencies in General, bitcoin is independent with trust the Publisher. Bitcoin using a distributed database and spread to the nodes of a P2P network to the journal transaction, and uses cryptography to provide basic security functions, such as ensuring that bitcoin-bitcoin only can be spent by people having it, and never can be done more than
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The design of the Bitcoin allows for ownership without an identity (anonymous) and the transfer of wealth. Bitcoin-bitcoin can be stored on a personal computer in a format file or stored by the wallet a wallet service to third parties, and in spite of all that Bitcoin-bitcoin can be send via the internet to anyone that has an address Bitcoin. Topology of peer-to-peer bitcoin and lack of a single administration makes it impossible for any Government, authority, to manipulate the value of bitcoin-bitcoin or cause inflation by producing more bitcoin.

Bitcoin is one of the first implementations of the so called cryptocurrency, was first described in by Wei Dai in 1998 in the cypherpunks mailing list

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