How bitcoin works :)

in #bitcoin7 years ago

  

  Which is the Bitcoin currency ?

 Bitcoin is a currency, such as the euro or the US dollar, which serves to exchange goods and services. However, unlike other currencies, Bitcoin is an electronic currency that presents novel features and stands out for its efficiency, security and ease of exchange

Its biggest difference is that it is a decentralized currency, it means that nobody controls it, bitcoin does not have a central issuer like dollars or euros, the criptomoneda is produced by the same people and companies around the world.


  What is the origin of the coin?

Bitcoin has its origin in 2009 when satoshi Nakamoto decided to launch a new electronic currency whose peculiarity is to be able to perform operations within the network of networks.


We must know and take into account that bitcoin is an intangible and insurmountable currency, that is to say that it can not touch any of its forms as we usually do with normal bills, but they can be used as a means of payment in the same way as tangibles .




Some of the most relevant characteristics of bitcoin 


  • Is free does not belong to any state or country and can be used freely around the world.
  • Also a very incredible advantage is that we can change the currency bitcoin in dollars or euros, or the currency of our preference without any problem.
  • There are no intermediaries, transactions are made from person to person.
  • Is decentralized, that is to say that it is not controlled by any financial institution like bank or company.
  • Its falsification is totally impossible thanks to an excellent system of encryption
  • The transactions are irreversible, when making them we can not turn them back, it is impossible to return them.
  • The money is 100% ours, can not be invested by anyone but ourselves.


                                                            




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Great diagram.
Where is it from or did you create it?

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