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What is Bitcoin?

With the Bitcoin price so volatile everyone is curious. Bitcoin is extremely complicated and no one definition fully encapsulates it. By analogy it is like being able to send a gold coin via email. It is a consensus network that enables a new payment system and a completely digital money.

It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. Bitcoin was the first practical implementation and is currently the most prominent triple entry bookkeeping system in existence.

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Who created Bitcoin?

The first Bitcoin specification and proof of concept was published in 2009 by an unknown individual under the pseudonym Satoshi Nakamoto who revealed little about himself and left the project in late 2010. The Bitcoin community has since grown exponentially.

Satoshi's anonymity often raises unjustified concerns because of a misunderstanding of the open-source nature of Bitcoin. Everyone has access to all of the source code all of the time and any developer can review or modify the software code. As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper.

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What is Bitcoin?
With the Bitcoin price so volatile everyone is curious. Bitcoin is extremely complicated and no one definition fully encapsulates it. By analogy it is like being able to send a gold coin via email. It is a consensus network that enables a new payment system and a completely digital money.

It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. Bitcoin was the first practical implementation and is currently the most prominent triple entry bookkeeping system in existence.

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Where to invest Bitcoin


Currently, use earned Bitcoin is not difficult. Many online stores offer a whole range of goods and services - electronics, clothing, food, medicine, travel packages and tickets for transport. You can take advantage of many exchanges and exchangers and transfer their Bitcoin or any other cryptocurrency in real dollars, euros or Russian rubles. Then the question of the implementation of the converted with Bitcoin, and there is no money at all.

But you can as usual money Bitcoins used differently - investing for profit. That is, it can multiply. There are many different options for investment Bitcoin and profits not only in cryptocurrency, but US dollars. In other words, I put Bitcoin, but through time gave the dollar.

Where to invest Bitcoin


Currently, use earned Bitcoin is not difficult. Many online stores offer a whole range of goods and services - electronics, clothing, food, medicine, travel packages and tickets for transport. You can take advantage of many exchanges and exchangers and transfer their Bitcoin or any other cryptocurrency in real dollars, euros or Russian rubles. Then the question of the implementation of the converted with Bitcoin, and there is no money at all.

But you can as usual money Bitcoins used differently - investing for profit. That is, it can multiply. There are many different options for investment Bitcoin and profits not only in cryptocurrency, but US dollars. In other words, I put Bitcoin, but through time gave the dollar.

Typically, the participants of investment projects do not need to download anything to your computer. All necessary for the operation of the program modules and settings are hidden from the user in the project. Thus from the participants need only invest their Bitcoins, monitoring the process and generating revenue.

Who created Bitcoin?

The first Bitcoin specification and proof of concept was published in 2009 by an unknown individual under the pseudonym Satoshi Nakamoto who revealed little about himself and left the project in late 2010. The Bitcoin community has since grown exponentially.

Satoshi's anonymity often raises unjustified concerns because of a misunderstanding of the open-source nature of Bitcoin. Everyone has access to all of the source code all of the time and any developer can review or modify the software code. As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper.