What are Bitcoin and Satoshi?
Bitcoin uses peer-to-peer
technology to operate with no central authority or banks; managing
transactions and the issuing of bitcoins is carried out collectively by
the network. You can find out more at https://bitcoin.co.id
Satoshi is the smallest fraction of a Bitcoin that can currently be sent. 1 Satoshi = 0.00000001 Bitcoin.
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures.
Why Bitcoins?
Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.
How to create Bitcoin Wallet address ?
There
are many services to help you create bitcoin wallet address.
https://bitcoin.co.id provides a handful of services that help you to
create bitcoin wallet address. Or use any search engine to find one that
is available at your region.
What is Mining ?
People compete to
“mine” bitcoins using computers to solve complex math puzzles. This is
how bitcoins are created. Currently, a winner is rewarded with 25
bitcoins roughly every 10 minutes.
Owning Bitcoins
Bitcoins
are stored in a “digital wallet,” which exists either in the cloud or
on a user’s computer. The wallet is a kind of virtual bank account that
allows users to send or receive bitcoins, pay for goods or save their
money. Unlike bank accounts, bitcoin wallets are not insured by the
FDIC.
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