Tuesday, 29 August 2017

KNOW WHAT IS BITCOIN ?

KNOW WHAT IS BITCOIN ?


Jessie Martelia - Bitcoin as currencies have the features as follows :



Instant transfers in peer to peer.
Peer-to-peer networks themselves means Bitcoin runs without a central server.

Its storage servers are decentralized and distributed  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.


The transactions are such, that once transferred can not be cancelled.
Bitcoin is given into the hands of others, the transaction cannot be cancelled unlessthe person is willing to send Bitcoinnya back;


Bitcoin transactions are pseudonymous.
All transactions been done simultaneously balances Bitcoin belonging to someonewe 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 is 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.


You can transfer the bitcoin to anywhere in the world provided to connect to the internet. Bitcoin is stored into the Bitcoin Wallet. 

This wallet has to be installed on both sides, can with a PC/laptop, tablet or smartphone. 

After installing the wallet, you'll get a Bitcoin Address. 

For bitcoin transfer very easy application, open the wallet, input the Address of the opponent Bitcoin transactions and number of bitcoin who wanttransferred, then submit.


And then you might ask, if there is no bank or company that manages as much as paypal or egold, and financial data is stored where? The answer, on your own computer (in your wallet) and peer to peer networks around the world. 

Money saved bitcoin on your computer in the wallet. If your computer is broken just the money lost, so Your bitcoin wallet bitcoin must be periodic backups to multiple devices. 

When conducting transactions, tens of thousands of computers in the network of bitcoin will menverifikasi the data you input so there happen cheating.


Why do people start buying en masse 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.