BITCOIN:
Created in 2009 by a group or a person name Satoshi Nakamoto, bitcoin is an
online decentralized currency which
bypasses banks' and governments' rule. Bitcoin can by mining using computers.
Anyone with enough computing power can mine bitcoin. So whats so revolutionary
about bitcoin?Unlike government currency bitcoin can be sent to anyone anywhere
in the world without the middle man.You don't need a bank account, you can own
your own electronic wallet and have control of your bitcoin . So no one can
freeze your account.Unlike the dollar and euro that are controlled by banks,
bitcoin is controlled by everyone who owns it . Bitcoin is at its early stage
so there are flaws, but like any technology it will improve overtime-- think of
the internet in its early days.To learn about bitcoin go to https://bitcoin.org
Since bitcoin was introduce other digital coins entered the scene, they are called
cryptocurrencies 'or alt coin.Exemple lite coin, feather coin, darckoin and
dogecoin. The great great thing is that anyone can create its own alt coin but
it have to be able to have better features then other coins.Example lite coin
is easier to mine then bitcoin and its faster as well. Darckcoin is said to be
more anonymous then bitcoin As technology improves more innovative coin can be
develop opening the door to smart contracts and decentralize concept when it
comes to finance.
BITCOIN: Created in 2009 by a group or a person name Satoshi Nakamoto, bitcoin is an online decentralized currency which bypasses banks' and governments' rule. Bitcoin can by mining using computers. Anyone with enough computing power can mine bitcoin. So whats so revolutionary about bitcoin?Unlike government currency bitcoin can be sent to anyone anywhere in the world without the middle man.You don't need a bank account, you can own your own electronic wallet and have control of your bitcoin . So no one can freeze your account.Unlike the dollar and euro that are controlled by banks, bitcoin is controlled by everyone who owns it . Bitcoin is at its early stage so there are flaws, but like any technology it will improve overtime-- think of the internet in its early days.To learn about bitcoin go to https://bitcoin.org
Since bitcoin was introduce other digital coins entered the scene, they are called
cryptocurrencies 'or alt coin.Exemple lite coin, feather coin, darckoin and
dogecoin. The great great thing is that anyone can create its own alt coin but
it have to be able to have better features then other coins.Example lite coin
is easier to mine then bitcoin and its faster as well. Darckcoin is said to be
more anonymous then bitcoin As technology improves more innovative coin can be
develop opening the door to smart contracts and decentralize concept when it
comes to finance.
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