Earn bitcoin online

 Bitcoins and their history

In 2009, a new cryptocurrency, bitcoin, appeared in electronic financial payment systems, which caused a revolution. Australian encryption specialist Craig Steven Wright, alias Satoshi Nakamoto, developed the internet protocol and described the principles of the client software.


A peer-to-peer payment system allows various transactions to be made over peer-to-peer networks without intermediaries (banks), and therefore without having to pay fees.


In simple terms, a peer-to-peer payment system is like a ledger that uses bitcoin as the unit of account. The seller and the buyer agree to the transaction, the bitcoins are paid and the ownership is transferred. All registered users, both buyers and sellers from different parts of the world, have access to this system.


Important features of this electronic payment system are fully anonymous Bitcoin transactions, as well as a 100% guarantee of security and reliability of the transaction in the transfer of digital property from one owner to another.


When considering Bitcoin in terms of storage security, the digital currency cannot be seized or blocked by anyone without physical access to the owner's e-wallet.


Bitcoin is currently considered one of the free digital currencies that is fairly predictable, simple and transparent. Due to its programmed limited issuance, Bitcoin is not subject to inflation.


Current situation in the cryptocurrency market - Bitcoin

After the cryptocurrency appeared in circulation, its exchange rate against the dollar fluctuated significantly.


For example, in 2010 American Laszlo Hanech bought 2 pizzas for 10 thousand bitcoins, and in 2014 the rate was 1Bitcoin (BTC) = 1200 USD. In 2016, the exchange rate situation is volatile and fluctuated between $420 and $650 per 1 Bitcoin during the first quarter.


According to financial experts, Bitcoin will not disappear from the market in the next 10-20 years, and the issuance limit programmed by the system is sufficient for 125 years.


Given the facts below, only a rapid rise in bitcoin's value can be safely assumed:


The adoption of cryptocurrency as a means of payment by many world-renowned companies (Microsoft, Overstock, Dell, DISH Network, Internet auctioneer eBay);

increased interest and investment in Blockchain cryptocurrency's distributed database technology;

growing demand from the Chinese market.

Daniel Masters, co-founder of the Bitcoin hedge fund GlobalAdvisors, predicts the value of bitcoin will rise to $1,100 by the end of 2016, and to $4,400 by 2017.


In any case, you should always remember to diversify your risk and not rush to invest all your capital in the digital currency.


Bitcoin for Dummies: the most complex currency in simple terms

There is probably not a single publication in the world that does not publish news about bitcoin. Surely even portals about pets and farming can find headlines like "Bitcoin collapsed!" and "Bitcoin hit an all-time high!" However, there remain plenty of people in the world who don't understand where the currency came from and what is happening to it at all. We will try to make Bitcoin as simple as possible.

Any existing digital file can be copied as many times as you like, and the original file remains unchanged. You can duplicate and indefinitely replicate pictures, sound, video, weather and bean harvest information - that is, anything, including financial transaction data. That is why banks and payment systems carefully encrypt all financial information and distribute it through their own closed channels: this is the only way to control the data and prevent abuse and fraud.


But in 2008 somebody (still unknown) under the pseudonym of Satoshi Nakamoto published on the Internet the protocol for a fundamentally new payment system: information is distributed through public channels between computers connected to the same network. All of these computers remain equal and together control the distribution of the files. This database is called a blockchain. There is no outside interference, all the information is distributed throughout the network, and all the client computers are busy confirming the validity of the financial data at all times.


If you send money or information via blockchain, the information cannot be altered or tampered with because it is confirmed by hundreds of thousands of computers around the world.


This independent payment system has been called "bitcoin" (from the English words bit for "unit of information" and coin for "coin") and so has its unit of account. Networked computers work for a reason: the system pays their owners a fee in those same bitcoins for continually validating files


earn bitcoin online

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