Bitcoin, Biggest Money Machine

Bitcoin is an electronic money that was made in 2009 by Satoshi Nakamoto. The name is also associated with open source software that he designed, and also uses a peer-to-peer connecting everything. Unlike currency in general, does not depend on trust bitcoin major publisher. Bitcoin uses a distributed database and spread to the nodes - the nodes of a P2P network to journal transactions, and uses cryptography to provide a function - the function of basic security, such as ensuring that bitcoin - bitcoin can only be spent by people have it, and should not be done more than one occasion.

Design of Bitcoin allows for ownership without identity (anonymous) and transfer of wealth. Bitcoin - bitcoin can be stored on a personal computer in a file format wallet or stored by a third party wallet service, and despite all that Bitcoin - bitcoin can be sent via the Internet to anyone who has a Bitcoin address. Topology peer-to-peer bitcoin and the lack of a single administration makes it impossible for the authority, any government, to manipulate the value of a bitcoin - bitcoin or cause inflation by producing more bitcoin.

In short bitcoin electronic currency is based on the most recent technology and started to be an option as a substitute for gold. Bitcoin itself is made of a combination of various technologies of cryptografi, economics and network forming a program that consists of a network of peer-to-peer robust and almost impossible to attack, technological or rather the new currency called cryptocurrency. Bitcoin is ultimately function as currency.

Based DailyDotCom or currency Bitcoin use cryptografi continues to increase dramatically. In 2012 the highest point of the transaction was achieved by reaching 58,000 transactions per day. Now that the new year Bitcoin transactions hold steady at the point of 50,000 transactions per day. Internet users continue to enthusiastically use bitcoin as a currency of the Internet in a wholly digital. Even corporate giants such as Wordpress is now accepting bitcoin currency in the provision of services. Forbes based alternative currency bitcoin become popular because of its simplicity in use, the system is decentralized and access available to everyone being the main attraction in this currency.

Even Bitcoin itself once rumored to be the main rival of the banking industry. Macleans said that Bitcoin online currency different to ever exist on the internet. A decentralized system means that the circulation of money can not be regulated by anyone. And just like cash, bitcoin transactions occur directly from person to person without intermediaries so that shipping costs are minimal and these transactions occur without any constraints. Decentralized systems also maintain the security and privacy of the owners bitcoin bitcoin ensure that the money they can not be frozen by anyone. The use bitcoin itself is also increasing. Mt.Gox, the largest bitcoin exchanger showed that they had made a bitcoin exchange with the dollar until it reaches a fantastic point of $ 3 million with exchange rate of 1 bitcoin for 13 dollars. Going forward bitcoin is forecast to continue to rise and bitcoin users will continue to grow.