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Bitcoin 151209193153 Lva1 App6891
Bitcoin 151209193153 Lva1 App6891
CONTENTS
Introduction
What is Bitcoin
Who created Bitcoin
Why Bitcoin
How does Bitcoin work
Acquiring Bitcoins
Transfers
Mining
Owning Bitcoin
Anonymity
Who controls the Bitcoin network
Sponsors for free Bitcoins
Exchanges company
INTRODUCTION
Buy on an
Exchange
Several marketplaces
called “bitcoin
exchanges” allow
people to buy or sell
bitcoins using
different currencies.
Mt. Gox is the
largest bitcoin
exchange.
TRANSFERS
People compete to
“mine” bitcoins
using computers to
solve complex math
puzzles.
This is how bitcoins
are created.
Currently, a winner
is rewarded with 25
bitcoins roughly
every 10 minutes.
OWNING BITCOINS
oinbase operates one of the most popular wallets and is an simple way to buy
USA
bitcoin. $5 bonus on sign up.
BitQuick claims to be one of the fastest ways you can buy bitcoin. USA
Xapo is Known for it's ease of use and bitcoin cold-storage vault. USA
ADVANTAGES
No Third-party Interruptions
One of the most widely publicized benefits of Bitcoin is that
governments, banks and other financial intermediaries have no way to
interrupt user transactions or place freezes on Bitcoin accounts. The
system is purely peer-to-peer; users experience a greater degree of
freedom than with national currencies.
Mobile Payments
• Like with many online payment systems, Bitcoin users
can pay for their coins anywhere they have Internet
access.
• This means that purchasers never have to travel to a bank
or a store to buy a product.
• However, unlike online payments made with U.S. bank
accounts or credit cards, personal information is not
necessary to complete any transaction.
FUTURE IN QUESTION