Breaking News

What Are Bitcoins and How Do They Work

This currency was created on January 12, 2009, just after the financial crisis of 2008, making it the oldest cryptocurrency. At this date, the founder of the currency, a mysterious Satoshi Nakamoto (no one knows if he exists or not ...) sends 10 bitcoins to Hal Finney to test his system: this is the first transaction in Bitcoins.



Market capitalization is $ 198 billion (November 2017)

The goal of the creator is to create a currency not controlled by a central system in order to benefit from reduced transaction costs. Bitcoin is therefore used exclusively as a currency.

It is the most famous cryptocurrency and the most widespread. It represents 54% of the market for these new currencies (November 2017)

Bitcoin is a safe currency on a technical level: to date, it has not suffered any attack, unlike Ether. It can not be counterfeited.

Contrary to current opinion, Bitcoin is not anonymous. Originally, Bitcoin, encrypted currency, was difficult to decipher. Today, state-subsidized analytics companies have been able to expose users' identities, which are supposed to be hidden by public keys that reduce them to a simple sequence of numbers and numbers. This is perfectly feasible because all transactions are stored in the Chain Block and can be viewed by anyone at any time. The same transparency that guarantees the validity of transactions also allows users to know the history of Bitcoin and therefore whether Bitcoin has gone through "dirty hands".

Bitcoin is accepted by a growing number of merchants and websites. Lists of traders accepting Bitcoin exist for example on http://lebitcoin.fr/ or http://bitcoin.fr. General sites like Showroomprive, amazon (through purse.io, English site) or overstock 
 accept payments in Bitcoins.

Bitcoin is the oldest cryptocurrency and therefore the reference cryptocurrency. All ICOs are payable in Bitcoin. All crypto-currencies are exchangeable into Bitcoins. Some cryptocurrencies can only be bought by owning Bitcoins. In the end, if world of cryptocurrencies develops, more Bitcoin will be required.

1 comment:

  1. Slots.lv Casino - Mapyro
    Find Casinos in Atlantic City and other New Jersey. Slots.lv Casino. Check 속초 출장안마 our daily list 남원 출장안마 to see 계룡 출장샵 if slots.lv casino is 계룡 출장마사지 worth it. 서귀포 출장안마

    ReplyDelete