What is bitcoin?

in #bitcoin6 years ago

Bitcoin is an innovative Internet currency. Bitcoin is a decentralized currency, i.e. without a central issuing institution, independent of banks, governments and institutions. It is a currency that knows no borders, available everywhere where the Internet is available (or mobile telephony). Bitcoin is a currency that you can instantly send to anywhere in the world, bypassing banks and intermediaries, and thus costly commissions, limits and restrictions.

Bitcoin is a currency with an open source code to which everyone has access and at any moment everyone can see how it works.

Bitcon is a currency operating in the P2P network, no one controls or controls it, there is no manager or owner, no one directly derives profits from it. Bitcoin is a currency created and maintained by people for people.

Any changes made to the bitcoin protocol must be democratically approved by the appropriate number of users (even the creator of bitcoin can not change anything, backdoors are nonsense), so you do not have to worry about someone introducing someone else's changes or depriving you of your bitcoins.

Bitcon is a currency operating in the P2P network, no one controls or controls it, there is no manager or owner, no one directly derives profits from it. Bitcoin is a currency created and maintained by people for people.

Any changes made to the bitcoin protocol must be democratically approved by the appropriate number of users (even the creator of bitcoin can not change anything, backdoors are nonsense), so you do not have to worry about someone introducing someone else's changes or depriving you of your bitcoins.

Bitcoin is also an anonymous currency, all transactions in the bitcoin network are public, but those who make the transaction or not receive it.

Bitcoin is a breakthrough technology that will change the world of finance just like e-mail has changed the way people communicate.