What is Bitcoin?
Bitcoin is a network of consensus that allows new payment systems and money fully shaped digital. Bitcoin payments networks peer-to-peer decentralized first fully controlled by the user without any central authority or intermediary. From a user standpoint, Bitcoin similar cash at internet world. Bitcoin can also be viewed as a system of three most notable recording bookkeeping that exist this time.
Who created Bitcoin?
Bitcoin is a first implementation of the concept named "cryptocurrency", which was first described in 1998 by Wei Dai in the cypherpunks mailing list, suggested the idea of a new form of money that uses cryptography to control production andtransactions, instead of using a centralized authority. Specification of the Bitcoin first and proof of concept published in 2009 in a mailing list of cryptography by SatoshiNakamoto. Satoshi left the project at the end of the year 2010 without divulging much about himself. Bitcoin community is thriving along the big number of developersworking on Bitcoin.
Anonymity is often elicited the attention of Satoshi, mostly related to themisunderstanding over the nature of the Bitcoin based open source. Protocols andsoftware BItcoin published openly and developers from around the world can reviewthe code of the software or create your own modified version of the Bitcoin them.Same is the case with the current developer, Satoshi influence limited to a fewchanges which he created and adopted by other developers, and he does not control the Bitcoin. Thus, the search for the identity of the inventor of the Bitcoin is currentlythe same as searching for the identity of the inventor of the newspapers.
How does Bitcoin?
From a user standpoint, Bitcoin is nothing more than the application of cell phones or computer program which provides a wallet Bitcoin and allows users to send and receive the bitcoin. This is how Bitcoin work for most users.
Behind the scenes, allot a Bitcoin network public record called "chain-block". This record contains all transaction ever processed, allowing computer users to verify thekebsahan transaction. The authenticity of each transaction is protected by a digital signature that is associated with the sender's address, allowing all users have full control over the shipping address of the bitcoin Bitcoin them. In addition, all people can process your transaction using the strength calculation of special hardware and get a gift in the form of bitcoin for this service. This activity is often referred to as "mine". To learn more about Bitcoin.