Tuesday, January 16, 2018

Bitcoin secret features that you do not know

Bitcoin is a virtual currency developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This currency is like a common currency, but only available in the digital world. The concept may sound like e-Gold, though it is actually much different.


Some bitcoin features you do not know yet.

Instant transfer in peer to peer.
Peer-to-peer itself means Bitcoin runs without having a central server. The storage servers are decentralized and distributed-shared to the various servers run by each user connected to the network.

Transfer to anywhere
Unlike gold, Bitcoin can be sent anywhere in seconds, whenever and wherever you want. Remittances with Bitcoin can happen only with the capital of a smartphone and an internet connection.

Transfer fee is very small.
Shipping costs can be removed until free, but to speed up transactions, usually your Bitcoin wallet will cut costs around $ 1, no matter how much money is sent.

The transaction is irreversible, meaning once transferred it can not be canceled.
Bitcoin is given to someone else's hand, the transaction cannot be canceled unless the person is willing to send the Bitcoin back;

Bitcoin transactions are pseudonymous.
All transactions ever done at once Bitcoin balances possessed by someone we can see, but we do not know who the owner of the Bitcoin address if the owner does not tell it. Each Bitcoin user can actually choose whether or not his name will appear, but even if the user wants to keep his identity secret, all of his transactions are still recorded and publicly monitorable.

Bitcoin is not controlled by any agency or government.
Bitcoin using the Blockchain database is not controlled by a party, but is so open to the public that it is impossible for someone to forge transactions in Blockchain. All transactions are recorded live, transparent, and spread over millions of servers. Those who want to alter or falsify Bitcoin transaction data, must hack millions of servers at the same time.

The amount is limited
Bitcoin supply will only be 21 million Bitcoin worldwide. Bitcoin's system of declining creation every four years resembles an economic system based on deflation and with the increasing supply of bitcoin, bitcoin prices tend to rise.
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