What is Bitcoin?

What is Bitcoin?

Bitcoin it is the very first decentralized peer payment network that is powered with its users without a centralized authority or middlemen. Bitcoin was the very first technical implementation and it is currently the very prominent triple entry bookkeeping system in life.

The first Bitcoin specification and proof of concept was published in 2009 by an unknown individual under the pseudonym Satoshi Nakamoto who revealed little about himself and left the job in late 2010. The Bitcoin community has since improved exponentially.

Everybody has access to all of the source code All the time plus any Programmer could review or change the software code. Therefore, the individuality of Bitcoin’s inventor is probably as important today as the identity of the person who invented paper.

No one possesses the Bitcoin network much like no one owns the tech behind email or the Internet. Bitcoin transactions are verified with Bitcoin miners which has an entire industry and Bitcoin Cloud mining choices. While developers are improving the applications they cannot force a change in the Bitcoin protocol as all users are free to choose what software and version they utilize.

From an individual perspective, Bitcoin is nothing more than a mobile program or computer application that offers a individual Bitcoin wallet and enables a user to send and receive bitcoins.

You can send Bitcoin from the computer, tabletcomputer, smart phone or other device, to anyone, anywhere on earth, night and day.

You can trade Bitcoin using a binary options broker. IQ Option is a Great Trading Platform for Crypto, Forex, Stocks and ETFs along with binary options!

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