A New Payment System in the Global Market has come to beat the payments, transactions in its new style of Trading.
It is a 'Bitcoin', which is a peer-to-peer electronic cash system.. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Because of its unique properties, it allows various uses which cannot be done with any previous payment system.
A Bitcoin is a digital currency, in which encryption techniques are used to generate the units for currency and to check the fund transfer system. Operated independently of the central bank.
This is the way how a Bitcoin is Used...
From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them. This is how Bitcoin works for most users.
It is a 'Bitcoin', which is a peer-to-peer electronic cash system.. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Because of its unique properties, it allows various uses which cannot be done with any previous payment system.
A Bitcoin is a digital currency, in which encryption techniques are used to generate the units for currency and to check the fund transfer system. Operated independently of the central bank.
This is the way how a Bitcoin is Used...
From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them. This is how Bitcoin works for most users.
Behind the scenes, the Bitcoin network is sharing a public ledger called the "block chain". This ledger contains every transaction ever processed, allowing a user's computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending bitcoins from their own Bitcoin addresses. In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward in bitcoins for this service.
(Mr. Satoshi Nakamoto, InventorBitcoin)
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