Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.!you can get bitcoins by accepting them as a payment for goods and services or by buying them from a friend or someone near you. You can also buy them directly from an exchange with your bank account. Eighth, there is a growing number of services and merchants accepting Bitcoin all over the world.
Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.Miners, traders of bitcoins would be treated as businesses and would have to pay corporate income tax as well as charge a 17% VAT. Bitcoin is not banned by any governmental party in Saudi Arabia. ... Bitcoin is not regulated as it is not considered to be electronic money according to the law.
Welcome to Steem Community @judo12! As a gentle reminder, please keep your master password safe. The best practise is to use your private posting key to login to Steemit when posting; and the private active key for wallet related transactions.
In the New Steemians project, we help new members of steem by education and resteeeming their articles. Get your articles resteemed too for maximum exposure. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch
Hi @judo12, ever wondered how users track their progress?
Most use a tool called SteemTracked
Hey judo12! If you would like to see what the current trending content and topics on the internet are consider following @coffeebreak and @topicstoday accounts to make your personal feed more fun and informative.
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