Bitcoin

bitcBitcoin is a decentralized electronic currency conceived in 2009 by Satoshi Nakamoto . The name is also applied to free software designed by the same author for management and P2P network consisting . Unlike most currencies, Bitcoin does not depend on any central issuer confidence , but uses a distributed database on multiple nodes of a P2P network to record transactions , and uses cryptography to provide basic security functions such as ensuring that bitcoins can only be worn by its owner, and never more than once .


Bitcoin 's design allows transferring value in owning and potentially anonymous way . The coins can be stored on any computer in the form of a file "pocket" , or with a third party that offers the service to store that file. In either case , the bitcoins can be sent over the Internet to anyone with a " Bitcoin address ." The Bitcoin P2P structure and lack of central administration makes it impossible for any authority , government or another, the manipulation of the value of bitcoins or creating inflation by producing more of them . oin dollar exchange.

Bitcoins are sent easily through the Internet, without having to rely on intermediaries.
Transactions:

     They are by design irreversible.
     They are fast. The money received is available to spend in minutes.
     They cost very little, especially compared with other payment networks.

The supply of bitcoins is governed by the software and the consensus of the users of the system and can not be manipulated by any government, bank, organization or individual. The limited increase in the money supply of Bitcoin (creating new coins) system is distributed evenly (as computational power) to the participating nodes, called mining, which helps ensure the red.