What Is Bitcoin
Bitcoin is a virtual currency that can be used to transact online. When asked how this form of currency, which clearly shaped not like a physical currency issued by a bank and not a currency of a country. The shape of this unique currency is just a file like ordinary general files. The file is encryption of unique codes that make it not the same with one another. And as mp3 files or word that you have on your computer equipment, Bitcoin files can also be stored in a computer or a flash disk or software called Digital Bitcoin Wallet. In addition Bitcoin can also be saved in Bitcoin storage services in the Internet cloud shaped like a social. According to some sources, the history of the birth of Bitcoin began in 2007. A computer experts to try to develop a virtual currency system that is completely new models are not bound by any party or authority. The man was named Satoshi Nakamoto. The man from Japan is claimed to develop Bitcoin for 2 years and started to take it off in the world of the Internet in 2009 and eventually spread to the present.
Benefits Of Bitcoin
By using Bitcoin then this is the easiest way to exchange money for minimal cost. here are some of the benefits and benefits of Bitcoin. 1. Security and Manage your Money Bitcoin transactions are secured by military-level cryptography. No one can use your money or make payments on your behalf. As long as you take the steps necessary to protect your wallet, Bitcoin can give you complete control of your money and a strong level of protection against many types of fraud. 2. Functioning Everywhere, Anytime and By Anyone Just like email, you do not need to require your family to use the same software or service provider. Let them use what they like. It's not a problem; they are all compatible because they use the same open technology. The Bitcoin network never sleeps, even on holidays. 3. Easy and Fast International Payment System Bitcoin can be transferred eg from America to Indonesia in less than 10 minutes. No Bank is slowing down the process, expensive fees, or freezing of funds. You can pay your neighbors just as you pay a member of your family in another country. 4. Almost Free to use Bitcoin allows you to send and receive payments very cheaply. Except for special cases such as micro-payments, no fees are applied. However it is recommended to pay higher voluntary fees for faster confirmation of your transactions and to hire people who operate the Bitcoin network. 5. Protect your identity With Bitcoin, no credit card numbers can be collected by a bad culprit to imitate you. In fact, it's even possible to post a payment without having to reveal your identity, just like real money. However you should note that it takes some effort to protect your privacy. 6. Payment Via Mobile is made easy Bitcoin on Hp allows you to pay with two simple scan-and-pay steps. No need to swipe your card, type a PIN, or sign anything. All you need to do to receive a Bitcoin payment is to display the QR code in your Bitcoin wallet app and let your friend scan your phone, or touch two phones together
It should be noted that all Bitcoin transactions are kept publicly and permanently on the Bitcoin network, which means that Bitcoin address and balance can be seen by anyone. Experts recommend that Bitcoin owners need to create new addresses for each transaction as a way to ensure privacy and improve security. Once you have created the Bitcoin address and have obtained the Bitcoins address, then you can use it for online transactions with companies that accept Bitcoins as a way of payment. The company will send a Bitcoin address to which you can send your Bitcoin payments. You redirect the payment to that address, while the transaction takes place in seconds, verification can take 10 minutes or more.