Log in

beathespread

Bitcoin currency

Bitcoin currency

Bitcoin is an experimental new digital currency. Bitcoin uses peer-to-peer technology to operate with no central authority

Search in this group

Group members

View all members

Bitcoin currency

Bitcoin currency

Owner: JohnLast

Group members: 3

Description:

This is a group about the bitcoin currency. Bitcoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Bitcoin is also the name of the open source software which enables the use of this currency.

Bitcoin is one of the first implementations of a concept called crypto-currency, which was first described in 1998 by Wei Dai on the cypherpunks mailing list. Building upon the notion that money is any object, or any sort of record, accepted as payment for goods and services and repayment of debts in a given country or socio-economic context, Bitcoin is designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities.

Brief description: Bitcoin is an experimental new digital currency. Bitcoin uses peer-to-peer technology to operate with no central authority
Tags: