TOP NEWS

This page to post comments, and technology news in the world and Gold News, games, movies, and more ....

Sunday, March 10, 2013

What is Bitcoin





I think most of you never heard before, so I preferred to write a definition posted is technically more than what is 
economically, defined his Bitcoin with claims online, what is this? How much is worth? How do I get them? And is it an alternative to national currencies?

Growing up

Bitcoin is an electronic currency based on decentralized version, using peer-to-peer network (such as the torrent) and encrypted electronic signature to prove the possibility of circulating via the Internet without the need for a trusted intermediary as banks.

Bitcoin work arose in 2009 when the programmer calls himself "Satoshi Nakamoto" research paper proposing creation of virtual currency for the solution of problems faced by people when dealing with currencies online, it can copy the money as copies files because it is not a physical entity but an entity.

The benefit of this is that you will not pay any expenses on transport and transformation as charged by banks and credit card companies usually also available worldwide which no State can prohibit them because they simply are not subject to its control and thus nobody on your account and freeze it, you don't need complex requirements for use.

Mechanism of action

Anyone connected to the Internet to produce coins using Bitcoin free program available for both platforms, so that the production of these digital currency requires a certain amount of work to produce a certain amount of money, this amount is adjusted by the network so that they are not excessive production and without predicting it.

The currency is stored in its own portfolio, as an electronic signature is not added to the conversion process and after a few minutes the process is verified by the system and is stored encrypted anonymous Bitcoin network.

Bitcoin is an open source program, anyone can review the source code and found and developed.

Another way if you want to download the software where you can open an account on the official website of the currency so that you can access from anywhere.

Either meaning of the work required to produce the currency is a complex mathematical calculation, qualify the computer connected to the Internet, which carries a Bitcoin or when opening an account on the site, and solve mathematical equation after the solution successfully gets his account on a certain number of Bitcoin units, but not necessarily always reaches a solution, so you don't get coins unless Bitcoin complement the calculation correctly.

Any operation requires the use of computer resources and much time. And control the money supply before the default currency series of operations and rules of the sports complex built in code.

To understand the default money must first learn some basics terminology and simple and complex mechanisms implicitly, since the structure of the virtual money are in three main rules:

There are limits to his Bitcoin 21 million around the world until the year 2025 (high limit permanently, i.e. you cannot produce more than the limits under the current system)
-Default divisible money 8 decimal places.
-Virtual money is regulated through blocks (Blocks) called default cash generator serial (Sequential bitcoin generators) and the basic infrastructure for the process of creating this currency.

0 التعليقات: