All you need to know about Bitcoin up to this moment

Bitcoin is a digital currency that is created and manipulated electronically and is not controlled by anyone. It is not like other currencies such as the dollar and the euro. It is not printed and is produced by traders and businesses increasingly by operating computers around the world using software that solve problems Mathematical as the currency is called cryptocurrency.

What is Bitcoin?
What distinguishes Bitcoin is decentralized, meaning that no one controls the Bitcoin network, which makes it easier for many traders because it prevents even major banks from controlling their money.

Who created the Bitcoin:
Is software developer Satoshi Nakamoto, who has developed Bitcoin as an electronic payment system based on mathematical proof, which aims to produce an independent currency from any central authority that can be electronically transferred at a fast rate and very cheap conversion fees.

Bitcoin Mining:
Bitcoin mining is using computing power in the distribution network. This network is transacted through a virtual currency.

Protocol of the Bitcoin:
What makes Bitcoin works is that it can only mine 21 million Bitcoin miners by mining miners however these coins can be divided into smaller parts that is 100 million of Bitcoin and is called "Satoshi".

What Bitcoin depends on?
The regular coins are based on gold or silver. Bitcoin relies on mathematics so that people around the world use software that uses mathematical formulas to produce Bitcoin and is available to all people so that anyone can see it. This program is open source, Himself that the program works as it should.

Characteristics of Bitcoin:
Bitcoin has important characteristics that distinguish it from other currencies supported by the government:

Decentralization:
Bitcoin does not control one central authority so that every mining machine and all transactions are part of the network, meaning that no one can tamper with or control the monetary policy of the network.

Easy to build:
Traditional banks make opening a bank account a difficult and more difficult task if the account is commercial because these banks suffer from bureaucracy, but in return the address can be created in seconds without any questions or fees due.

Confidentiality:
Bitcoin users can create multiple addresses that are not associated with names, addresses, and other personal information or definitions.

Full transparency:

• Bitcoin stores all the transactions that preceded the network in a huge book called block series "blockchain"

• If you have an open house address that anyone can find in your home but you cannot know it is yours

There are several ways that users of Bitcoin can keep their activities opaque on the Bitcoin network, such as not using the same addresses of the Bitcoin or not turning all the Bitcoin into a single address.

Transaction fees are very low: unlike banks where transaction fees reach £ 10

Transaction Speed:
Money can be sent anywhere and will arrive minutes later as soon as the Bitcoin network makes payments.