What Is Bitcoin, Features and Other Information

What Is Bitcoin - Bitcoin is a virtual currency that was developed in 2009 by a person with the pseudonym Satoshi Nakamoto. This currency as well as Rupiah or dollars, but only available in the digital world. The concept may sound like eGold, though it is actually much different.  Bitcoin as currencies have the features as follows:

What Is Bitcoin, Function and Other Information

Bitcoin Features

• Instant transfers peer to peer
  Peer-to-peer networks themselves means Bitcoin runs without a central server. Decentralized and distributed Storage server — is divided into various servers run by any user connected to the network.
• Transfer to anywhere
  Unlike gold, Bitcoin can be sent anywhere in a matter of seconds, whenever you want and ivaa. Sending money with Bitcoin can happen only with a capital a smartphone and internet connection.
• A very small transfer fee
  Shipping costs can be eliminated until it is free, but to speed up transactions, usually Your Bitcoin wallet will cut costs around 500 – 3.000 dollars, no matter how much money is sent.
• The transactions are such, that once transferred can not be cancelled
  Bitcoin is given into the hands of others, the transaction cannot be cancelled unless the person is willing to send Bitcoinnya back.
• Bitcoin transactions are pseudonymous
  All transactions been done simultaneously balances Bitcoin belonging to someone we can see, but we don't know who the owner of the Bitcoin address if the owner didn't tell him. Each user can choose whether actual Bitcoin name want to appear or not, but even though the user wants to keep secret his identity, all transactions recorded for the fixed and can be monitored by the public.
• Bitcoin is not controlled by any Government or agency
  The Blockchain database using bitcoin is not controlled by one party, but rather the very open to the public so that it is impossible for someone to fabricate transactions on Blockchain. The entire transaction was recorded live, transparent, and spread tomillions of servers. Those who want to alter or falsify the data transaction Bitcoin, must compromise millions of these servers at the same time.
• The number of Bitocin limited
  Bitcoin supply only a Bitcoin 21 million worldwide. Bitcoin creation system that governs every 4 years once it resembles an economic system based on deflation and with the more limited supply, price of bitcoin bitcoin tends to rise.

Why do Peaople Start Buying and Using Bitcoin?

Bitcoin developed with the idealism that currency is not controlled by either the Government or the central bank. Financial crisis some time ago confirmed that the Government has always been negligent in maintaining the stability of the economy. The Government is believed to have always controlled by people who are corrupt and only work for the sake of personal gain, so that financial decisions are always favors to conglomerates

Bitcoin Safe or Not?

You might think that the bitcoin system open source enables a computer genius canbreak system bitcoin and published a number of bitcoin for himself. In fact this system has been reviewed by various circles as flawless. Every past transaction data stored in all peer across the network, and must be a sequence. Each transaction will be verified by a number of peer recently was declared valid.

How do I get the Bitcoin?

You can get and how to buy with bitcoin mining. To purchase a bitcoin can be done in the exchanger-exchanger likes bitcoin.co.Id.