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Financial Resources
The currency of the future - the Bitcoin
Tuesday, April 16, 2013
what is the bitcoin?
Bitcoin is a digital currency based on the open source, peer to peer internet protocol (no concept of server and client, in other words, all computers are equal participants and called peer). It was introduced by a developer named Satoshi Nakamoto in 2009.
Characteristics of Bitcoin
Bitcoins can be exchanged directly by personal computers through a wallet file or a web page without the intermediary financial institution. In the commercial, a bitcoin is divided into 100 smaller units million called satoshis, defined by eight decimal numeral.
The difference between Bitcoin and the current currencies
Bitcoin is different from the typical currency - there is not a central bank to manage and it is based on the peer network.
The transaction fees is very low or equal 0. Every 10 minutes a "block" (packet) of the bitcoin is created. Currently, 25 bitcoins is allocated for every 10 minutes. It will also halve to 12.5 bitcoins in 2017 and continues to halve in next 4 years until 21 million bitcoins circulate in online market in 2140.
Bitcoin will be the alternate currency is used widely in e-commerce. By March 2013, the base monetary of bitcoin was set a price on about $ 500 millions. The large fluctuations in the value of a bitcoin corresponds to the U.S. dollar make many people believe that bitcoin has fit to be seen as a kind of currency yet.
Bitcoin is a digital currency based on the open source, peer to peer internet protocol (no concept of server and client, in other words, all computers are equal participants and called peer). It was introduced by a developer named Satoshi Nakamoto in 2009.
Characteristics of Bitcoin
Bitcoins can be exchanged directly by personal computers through a wallet file or a web page without the intermediary financial institution. In the commercial, a bitcoin is divided into 100 smaller units million called satoshis, defined by eight decimal numeral.
Bitcoin is different from the typical currency - there is not a central bank to manage and it is based on the peer network.
The transaction fees is very low or equal 0. Every 10 minutes a "block" (packet) of the bitcoin is created. Currently, 25 bitcoins is allocated for every 10 minutes. It will also halve to 12.5 bitcoins in 2017 and continues to halve in next 4 years until 21 million bitcoins circulate in online market in 2140.
Bitcoin will be the alternate currency is used widely in e-commerce. By March 2013, the base monetary of bitcoin was set a price on about $ 500 millions. The large fluctuations in the value of a bitcoin corresponds to the U.S. dollar make many people believe that bitcoin has fit to be seen as a kind of currency yet.
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ReplyDeleteMr Pedro is a loan officer working with a group of investors who help us get funds to buy our new home, You can contact him if you want to get a loan at an affordable low rate of 2% RIO Email Him On . pedroloanss@gmail.com Or Whatsapp Chat: + 1-863-231-0632