About BITCOIN

WHAT IS BITCOIN?

This is a new generation of decentralized digital currency, created and operating only on the Internet. No one controls it, currency issuance occurs through the work of millions of computers around the world, using a program to calculate mathematical algorithms. This is the essence of bitcoin.

WHO CREATED BITCOIN?

The developer of the program calls himself Satoshi Nakamoto, he proposed an electronic payment system based on mathematical calculations. The idea was to exchange coins without any central authority, electronically, more or less instantly, at the lowest cost.

WHO IS PRINTING BITCOIN?

NOBODY. This currency is not printed by the central bank and does not work according to its rules. Banks can print as much money as possible to cover government debt, thereby devaluing their currency. On the contrary, the issue of bitcoins is possible only in digital form and anyone can start mining or as they say maykit bitcoins at any time. Bitcoinning occurs by means of using computing power of a computer in a distributed network. When transferring bitcoins, the transaction is processed by the same network, thereby turning bitcoin into an independent digital payment system.

WHAT IS SECURED BY BITCOIN?

National currencies used to be provided usually with gold or silver, now GDP. Theoretically, you could come to any bank in the country, and exchange your paper money for the equivalent of gold and back. Bitcoin is not provided with ANYTHING, this is pure mathematics. Anyone around the world can run a script to extract bitcoins on his computer and feel like a mini-central bank. The source code of the script is published in clear form, everyone can see how it works.

ADVANTAGES OF BITCOIN



SECURITY

The huge plus of bitcoins lies in the highest level of protection of wallets and transactions, significantly exceeding the level of security of other ways of storing and transferring funds.

PAYMENTS WITHOUT LIMITATIONS

Payments between the bitcoins can be carried out in any volumes and in any quantity, without any restrictions.

ANONYMITY

It is completely anonymous and at the same time completely transparent. You can create an infinite number of bitcoins without binding to any information.

PRICE GROWTH BITCOIN

The price of bitcoin is growing at a frantic pace! 2010 - 1 BTC = $0.50 ; 2018 - 1 BTC = $20000

COMPLETE CONTROL

Transactions for translation BTC can not be withdrawn, your account can not be frozen. If desired, you can link specific addresses to specific people or organizations to monitor financial transactions.

ALL EQUALS

All users and participants of the bitcoin crypto currency system are in equal conditions with respect to each other, have equal rights and obligations, which you can not say about any currency or payment system of the world.