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Wednesday, 27 July 2016

What it is Bitcoin?

What it is Bitcoin?

Bitcoin is a consensus network that enables new payment systems and digital money is fully shaped. Bitcoin is a payment network peer-to-peer decentralized first fully controlled by the user without any central authority or intermediary. From the user's perspective, similar Bitcoin as cash in the internet world. Bitcoin can also be seen as a bookkeeping system three most prominent recording that exists today.
Who created Bitcoin?

Bitcoin is the first implementation of the concept called "cryptocurrency", which was first described in 1998 by Wei Dai in cypherpunks mailing list, suggested the idea of ​​a new form of currency that uses cryptography to control the manufacture and transactions, instead of using a centralized authority. The first Bitcoin specification and proof of concept published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. Bitcoin community to grow rapidly as the number of developers working on Bitcoin.

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