What is Bitcoin?

What is Bitcoin? No one possesses the Bitcoin network much like no one owns the technology behind email or the Internet. Bitcoin transactions are verified by Bitcoin miners that comes with an entire industry and Bitcoin cloud mining options. While developers are improving the applications they can’t induce a change in the Bitcoin protocol because most of users are free to select the applications and version they utilize. What is Bitcoin?

The first Bitcoin specification and proof of this concept was published in 2009 with an unknown man under the pseudonym satoshinakamoto who revealed little about himself and left the job in late 2010. Even the Bitcoin community has since increased exponentially.

Everyone else has access to all of the source code All the time plus some other Developer can review or modify the applications code. Therefore, the individuality of Bitcoin’s inventor might be as important now as the identity of whoever invented newspaper. What is Bitcoin?

From a user perspective, Bitcoin is not anything more than the usual mobile program or computer application that offers a individual Bitcoin wallet plus empowers an individual to send and receive bitcoins.

Bitcoin has technical implementation and  the most prominent entrance accounting

It’s the first de-centralized peer reviewed payment system that’s powered by its users without the central authority or middlemen. Bitcoin has been the very first technical implementation and is currently the most prominent triple entrance accounting system in life.

It is possible to send Bitcoin from the laptop or computer, tablet computer, smartphone or other device, to anybody, anywhere in the world, day and night.

What is Bitcoin?

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What is Bitcoin?