hii friend and welcome to new blog today i want to talk about BitCoin There is no doubt that the BitCoin coin will not be heard by many around the world or heard about by the few around the world but they are not fully aware of that currency in terms of price and advantages and how to deal with and defects and innovated in any country, when to deal with and who are They can deal with them and with whom, many questions arise in the minds of many will answer all the questions that arise in the minds of many on our site in that subject.
What is the Coin?
Bit Coin is a university network that offers a new payment system and full electronic money. Bit Quinn is the first peer-to-peer decentralized payment network that is fully managed by its users without any central authority or intermediaries. From the point of view of the user, Valpt Quinn can be closely likened to the currency of the Internet. Queen Quinn can also be considered the most prominent tripartite notebook system in existence.
Who created Bit Coin?
Bit Coin is the first application of a concept called "cryptocurrency" or encrypted currency, which was first talked about in 1998 by Wei Dai in the mailing list of cypherpunks, the author's idea was centered around a new form of money that relied on encryption to control its creation and handling , A substitute for central authority. The first application and confirmation of the principle was published in 2009 on a mailing list for encryption by Satoshi Nakamoto. Satoshi "Satoshi" left the project in 2010 without explaining more about himself. The development of the community from time to time multiplied and many developers are working on the Quinn.
The issue of secrecy over the real Satoshi character often highlights unfair suspicions, many of which are linked to the misunderstanding of the open source nature of the Queen's Deck. The protocol and the BitQuin program are open and any developer around the world can access the source code and make a modified version of the BitQuin program. Just like the current programmers, Satoshi 's influence was limited by the changes he made and adopted by others. Satoshi does not control Bat Queen! In the same vein, the identity of the inventor of Bit Coin is likely to remain as the identity of the inventor of paper!
Who controls and manages the Bit Coin network?
No one has a Bit Coin network just like no one has the email technology. Bit Coin is controlled by all Bit Queen users from all over the world. As developers improve the program, they can not enforce a change in the BitQuin protocol because all users have the freedom to choose which program and version they can use. In order to stay in harmony with each other, all users need to use programs that are in line with the same rules. Bit Coin can work well only when there is consensus and integration among all users. Therefore, all users and developers have the ability and motivation to adopt and protect this consensus.
How does Bit Coin work?
From the point of view of the user, Valpt Quinn is nothing more than a mobile program or a computer program that provides a personal coin purse and allows the user to send and receive the Coin Coin coins using it. This is how BitQuin works for most users.
Behind the curtain, the Bit Queen network shares a common bridge called the "block chain" or the block chain. The bridge contains every transaction that was sent one day, allowing each user's computer to verify the validity of each transaction. The validity of each transaction is protected by an electronic signature that corresponds to the sender's address, allowing all users to fully control the sending of the Coin Currencies through their Coin Curves. In addition, anyone can complete transactions using the computing power of specialized hardware and win prizes for their services. This is called "mining" or prospecting. To learn more about Bit Coin, you can see how Bit Queen works and how to work with Core Coin.
Is The Coin Bit Really Used By People?
Yes, there are a growing number of businesses and people using Bit Coin. This includes many diverse businesses such as restaurants, real estate, legal institutions, and famous Internet services such as Namecheap, WordPress, Reddit and Flattr. While Quinn is still a relatively new phenomenon, it is growing rapidly. At the end of August 2013, the total value of available Coin Currencies for trading exceeded $ 1.5 billion with millions of Currencies being traded daily.
How does an individual get Coin Currencies?
As a price for products or services.
Buy the Coin Bit through the Coin Quit Exchange Services.
Swap the Coin Bit with someone close to you.
Win the Coin action through competitive exploration.
Although it is impossible to find people who want to sell Bit Coin in return for payment by credit card or Paypal, most of the Bit Coin exchange services do not allow the addition of funds using these payment methods. This is due to cases in which a person can buy a prescription drug through PayPal and then reverse his or her own part of the transaction. This process is known as the "chargeback" or refund request.
How difficult is it to pay by paycheck?
Payment by Bit Coin is easier than buying with credit cards or debit cards, and can be accepted without the need for a bank account for the merchant. Coin Payout payments are made through a software program for the Coin Queen portfolio, either through a PC or smartphone, by entering the recipient's address, the amount paid and pressing Send. To make the process easier when entering the recipient's address, many portfolios can find out the address by scanning QR code or touching two phones together using NFC technology.
What are the advantages of a Coin?
Free payment - It is possible to send and receive any amount of money instantly from or to anywhere in the world at any time. No bank holidays. no limits. No restrictions to skip. Bit Queen allows its users to fully control their funds.
Very Low Fees - Coin Pay Payments are currently executed either at no charge at all or at very low fees. Users can include transfer charges with their payments for priority execution, resulting in faster confirmation of transaction by the network. Further, traders have units to help handle transactions and convert the Coin Curve into official currencies and deposit funds directly into their bank accounts on a daily basis. Because these services are based on bitumen, they can offer their services at significantly lower costs than PayPal or credit card networks.
Less risk to traders - Coin transactions are safe, non-reversible, and do not contain sensitive or sensitive consumer information. This protects traders from loss from fraud or unsafe attempts to recover funds, and there is no need for any PCI compliance. Traders can expand into new markets where credit card support is not available or frauds rise unexpectedly. The final output is a few transfer fees, more markets, and lower administrative fees.
Security and control - BitQuin users have full control over their transactions; it is impossible for traders to forcibly impose undeclared or undesirable fees, as can happen with other payment methods. Payout payments can be made without the integration or linking of personal information to the transaction. This provides superior protection against identity thieves. Bit Coin users can also protect their money through backup and encryption.
Transparency and neutrality - All information about the provision of funds to the same Queen is available in the block series for anyone to use and authenticate immediately. No one or organization can control or tamper with the Quinn protocol because it is locked through the encryption and encryption system. Which makes it possible to trust in the basis of the decision that it is neutral, transparent and fully predictable.
this the end of the part 1 WHAT IS THE BITCOIN FOR ABSOLUTELY NOOBS i hope you like it dont forget to follow me and upvote this post to see the part 2 see in the next part PEACE GUYS
Nice Write-up!
Could you please recommend me an easy to setup cold wallet?
@akkirulez thanks i will write about that next couple day dude follow me and keep an eye
Useful post I would like to learn to that more Any idea how earn cryptocurrecies online with translations ? and setup a cold wallet ? Thanks
@philfreetotravel thanks i will write abou setup a cold wallet just follow me and keep an eye
fair enough
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STOPUseful post, thank you. :)