Bitcoin? What are the Benefits and Their Usability? Know More Information!
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link : Bitcoin? What are the Benefits and Their Usability? Know More Information!
Bitcoin? What are the Benefits and Their Usability? Know More Information! - some time ago, the digital world was busy with the emergence of bitcoin as a means of transaction or digital currency.
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| Bitcoin? What are the Benefits and Their Usability? Know More Information! |
We'll explain in detail what bitcoin is, how it's used, how to get it, and what it's used for.
Bitcoin Explanation
Bitcoin is a virtual currency developed in 2009. Found by Satoshi Nakamoto (samara name). This currency is like a Dollar, Pound Sterling, Rupiah, or other currencies, but only in the digital world.
The concept may sound like e-Gold, though it is actually much different.
Bitcoin developers assume that a good currency is not controlled by the government or central bank. According to him, the financial crisis some time ago confirmed that the government is always negligent in maintaining economic stability.
Miners are those who dedicate their computer resources to solve mathematical problems, through "heavy" calculations. This digital currency has a system that is much different from conventional money.
The government is believed to always be dominated by corruptors and only works for personal gain, so financial decisions always take sides with the conglomerate.
This concept appeals to many people especially for cyberspace surfers and geek (non-mainstream people) in the IT world.
They begin to invest their assets in the form of bitcoin. Meanwhile, the world's economy is increasingly unstable. Proven with the banking crisis of America and Europe.
Bitcoin is believed to be a currency and a universal commodity so that prices will continue to soar.
The concept of use is considered to be highly privacy. In the transaction process, the user can use an anonymous account or without any personal data. Interesting right?
As Currency, Who Is Bitcoin?
The new bitcoin is created by a process called "mining". The miners use sophisticated computers to decipher the complex mathematics in finding new block of bitcoin. As a present, the inventor will be rewarded with a number of bitcoins.
Each found 1 block, will initially get 50 BTC prize. Then 25 BTC per block and then will continue to decrease as the circulation increases.
The system has ensured that the maximum amount of bitcoin in the world is 21 million BTC so there will be no inflation.
How to get it?
You will get it by buying or mining (mining). This way of mining is a way to get bitcoin for free. However, to get it free is not easy.
This is because, you must understand a long series of processes. Starting from the determination of the hardware used, the ability of IT, and of course must be patient.
Some sources say that this is considered the most expensive currency. Currently, the price of one coin reaches Rp28 million. To buy it can be done in exchangers such as:
- Bitcoin.co.id for Indonesia
- Mtgox for US and Japan
- Btcchina.com for China.
How interested are you to try using bitcoin and miner?
Read this article to completion because at the end of the article we will inform some sites that can be used mining or bitcoin mining.
What Are The Features Of Bitcoin?
There are at least 7 features you need to know. Consider the following explanation.
# 1 Instant Transfer Peer to Peer
Peer to peer means running without having a central server.
The storage server is decentralized and distributed. The server is shared to each user connected to the network.
# 2 Transfer Anywhere
Unlike gold, bitcoin can be sent anywhere in seconds, anytime and from wherever you want. Money transfer with bitcoin can happen only with a smartphone's capital and internet connection.
You can transfer worldwide, as long as it is connected to the internet. Bitcoin will be stored into the Bitcoin Wallet. This wallet must be installed on both sides, can be with PC / laptop, tablet or smartphone.
After installing wallet, you will get Bitcoin Address. For transfers very easy.
Open the wallet app, enter the Address of the transaction opponent and the amount you want to transfer, then send.
# 3 Very Low Transfer Fee
Shipping costs can be eliminated, even until free. However, to speed up transactions, usually your bitcoin wallet will cut costs around $5 - $30. No matter how much money you send.
# 4 Transactions are Irreversible
The transaction is irreversible. That is, once transferred can not be undone.
Bitcoin is given to someone else's hand, the transaction can not be canceled, unless the person is willing to send it back.
# 5 Transactions are Pseudonymous
All transactions ever done, even a bitcoin balance owned by someone we can see. However, we do not know who the owner of the bitcoin address is, if the owner does not tell it.
Each bitcoin user can actually choose whether or not his name will appear. However, even if the user wants to keep his identity secret, all of his transactions are kept in record and can be monitored by the public.
# 6 Bitcoin Not Controlled by any Institution or Government
Bitcoin that uses Blockchain database is not controlled by a party, but is very open to the public. It would be impossible for someone to forge transactions in Blockchain.
All transactions are recorded directly, transparently, and spread over millions of servers. Those who want to change or falsify bitcoin transaction data, have to hack millions of servers at the same time.
# 7 The number is Limited
The number of bitcoin there are only 21 million bitcoin worldwide.
Creation of bitcoin system that continues to decrease every 4 years this resembles the economic system, that is based on deflation. With the limited supply of bitcoin, bitcoin prices tend to rise.
Site Can Be Used Mining Bitcoin
Here are some sites that you can use to earn or mine.
# 1 FreeBitco.in
This site gives quite a lot to its hunters, which is about 0.00000678 - 0.75674653 bitcoin per BTC in 60 minutes once.
In addition, this site provides an alarm feature, if the limit of 60 minutes has passed, then the miners can come back again to do the mining.
# 2 ClaimBTC.com
At this free bitcoin mine site, miners can get 62 - 160 Satoshi every 10 - 20 minutes.
The approximate BTC obtained depends on the rise and fall of the bitcoin market.
# 3 ePay.info
This site can be regarded as the kingpin BTC, Doge, and Lite faucet. In the site, there are many partner sites that provide faucet hunting services. This site is very recommended once for you who like to hunt BTC free without having to wait time limit.
If you would like to focus on finding Dogecoin or Litecoin, it is advisable to visit the following sites:
Moon Dogecoin (Dogecoin Claim every 5 minutes)
Moon Litecoin (Claim Litecoin every 5 minutes)
# 4 Moonbit.co.in
Satoshi you get is very varied. With a period of 15 minutes, the alarm will sound.
However, the longer you let the duration of time go forward, then the opportunity to get a lot of Satoshi will be greater.
# 5 Bitcoinker.com
This site can be integrated directly with wallet vip.bitcoin.co.id. BTC you get can be directly sent to the main wallet. Inside this site, you can get 100 to 500 Satoshi per 15 minutes.
Wisely Responding to the Presence of Bitcoin
Today, technology continues to grow. Everything is demanded on the popularity of digital services. Not only that, there is also a virtual currency. Humans in the digital age need to be wise in responding and responding to the existence of this currency
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