Saturday, March 29, 2014

More About Bitcoin

Bitcoin is an online open-source P2P payment network and it is about using digital cash currency online. The main difference with Bitcoin is its full decentralization which is designed so that no one, neither the author or other individuals, groups, governments or any world financial institution could influence the currency, 

counterfeit, confiscate accounts, manage cash flows or cause inflation. There is there is no central point in this network, or anyone who could make decisions about it. The final amount of Bitcoin is known in advance and Bitcoin release into circulation is defined in the source code of the network. The network underway payments for minimal or no cost. It was since 2009 that the Bitcoin’s network has been operating. 


Now, when describing it, it requires to refer to a person or group of people under the pseudonym Satoshi Nakamoto. Probably due to the nature of the project, the author never disclosed the identity of his real and shortly after Bitcoin greater expansion in 2010 broke off completely. Now for payment there is an official software client, we care volunteers from all over the world, and several alternative clients.

 Bitcoin is an absolutely fascinating new comer crypto currency that is working under the power of its community worldwide. It is that community that decides everything about it. When I’m talking about Bitcoin community, I mean you and me as Bitcoiner people. That is why you find the following links of legitimate companies that will pay you free Bitcoin as they are doing it for ourselves: