About Bitcoin
What is a Bitcoin? Bitcoin is an electronic payment instrument there are many kinds, no paypal, Payza, money, money, money bokers, etc.. But there is one means of payment that is quite unique because it is made by the cryptographic system terconeksi internet, which is bitcoin.
Bitcoin is the first implementation of the concept of currency crypto (crypto-currency), where control, issuance of money and transactions governed by Cryptography. Cryptography is the study of mathematical techniques related to aspects of the security or confidentiality of information. cryptographic techniques are used to guarantee transaction processing and record keeping goes according to the rules and safe. Cryptography is also used as a means of regulating the supply and demand of the bitcoin currency values. It can be said the entire financial process governed by a mathematical algorithm in the cryptographic techniques automatically, so it is not necessary supervision and control center for this currency. Without the need for central control, the currency called bitcoin is decentralized, which means there is no one person, entity or certain countries which act as the controller of this currency. This is since the beginning of the design by its creator to avoid political influence and monopoly bank. Besides decentralized nature, the transaction currency is also done without intermediaries, so that the receiver and the sender (seller and buyer) can transact directly without the The third matter where the two sides are, as long as both are connected via the Internet. Due to the nature without an intermediary and decentralized, then the owner of the currency does not have to have an account like a bank account, and not also to be listed on the website, server or certain institutions, so that the currency of this guarantee from the owner of the confidential nature of money and the transaction itself. ownership information in the form of money that a particular code can be stored in a variety of media, whether it be a file on the local computer, mobile phones, flash, or in other media. Ownership information is referred to as a wallet (purse). wallet Everyone can have an infinite number of charge-making, Internet connection or registration process. Inside the wallet are encrypted code to get historical data transactions from the Internet, by reading this data, the owners can find out how much money they have stored in the wallet. Each wallet has a name or address called bitcoin-address or quite address. by using this address one can perform Bitcoin transactions like sending or receiving sms / email. This address is a row of letters along the 34 alpha-numeric characters, for example: 2bHtdiHtXgd1CMS7jhZW8AdWXA6WnBAfw There are various kinds of services websites (one of which mtgox.com) that provide currency exchange services traditional (such as the U.S. $ and other currencies) to Bitcoin, so through this website users can buy or sell according to bitcoin Bitcoin exchange rate at that time. Bitcoin exchange rate against the U.S. $ as of this writing is 85 U.S. $ per 1 BTC, developed at the beginning about the year 2010, bitcoin has a very small rate, which when that person had dealings with the issuing of up to 10000 BTC to serving Pizza, where the value of it at this point is about 54000 U.S. $, equivalent to 490 million Euro.
