Do you know what Bitcoins are? Know this virtual currency
Category : FINANCE Author : Date : Wed May 02 2018 Views : 110
The use of online portfolios has been increasing on the internet, for example, Paypal, Payza, among many others known worldwide. But... and use a new currency that barely exists virtually? Do you know crypto? Do you know how it works? Where did it appear? Find out now.
What is a crypto?
We can assume a #cripttomoeda as a means of virtual money exchange, which uses encryption to secure transactions and control the creation of new currencies.
One of the biggest examples of cryptomonad is #Bitcoin, and there are currently many others like Litecoin, Ethereum, Ripple, Dash, NEM, Monero, Stratis, among many others.
After all... what is a Bitcoin?
Bitcoin is one of the many crypto-coins that exist, possibly the most famous and used in the world. It is a currency such as the Euro, the Pound or the Dollar, but quite different. The main difference between Bitcoin and a traditional currency is that the former is not a physical currency, that is, we can not put a hand in our pocket and feel it. Another difference is that Bitcoin is not controlled by any bank, it is produced by thousands of computers that work to create Bitcoins and record all their transactions. A bit difficult to understand, is not it? Let's try to simplify it later.
How is Bitcoin created?
Mining is the name given to the process used to create a Bitcoin.
Bitcoins mining consists of a computer connected to the network "competing" with other computers in solving mathematical problems.
Whoever wins receives a coil pack. The difficulty of this mining is defined by the network so that a currency grows within a limited number, that is of 21 million units until the year of 2140, limit this defined by the creator of the cryptomonad Bitcoin, Satoshi Nakamoto.
When Bitcoin appeared in 2009, anyone could be mining with software for that purpose, just by leaving the computer on and connected to the network for mining to be made. Increasing the number of miners, the task dramatically increased the difficulty, being currently only feasible for supercomputers with hardware dedicated to mining Bitcoins.
Where can I store my Bitcoins?
There are numerous Bitcoins "Wallet" services on the internet. Spending a few minutes searching Google we were able to discover the most frequently used Bitcoin wallets on the internet. In many of them, we can also associate a physical credit card and use Bitcoins to make payments on purchases, among other things.
Currently, the use of Bitcoins is quite safe, and we can use the currency without taking great risks.
But ... how much is a Bitcoin worth?
The value of Bitcoin has been increasing brutally. At the time of writing this article, 1 Bitcoin equates to exactly 4310.00 dollars. As you might imagine, due to its high value and being a currency, Bitcoin is widely used in the trading of currencies on the internet.
The use of online portfolios has been increasing on the internet, for example, Paypal, Payza, among many others known worldwide. But... and use a new currency that barely exists virtually? Do you know crypto? Do you know how it works? Where did it appear? Find out now.
What is a crypto?
We can assume a #cripttomoeda as a means of virtual money exchange, which uses encryption to secure transactions and control the creation of new currencies.
One of the biggest examples of cryptomonad is #Bitcoin, and there are currently many others like Litecoin, Ethereum, Ripple, Dash, NEM, Monero, Stratis, among many others.
After all... what is a Bitcoin?
Bitcoin is one of the many crypto-coins that exist, possibly the most famous and used in the world. It is a currency such as the Euro, the Pound or the Dollar, but quite different. The main difference between Bitcoin and a traditional currency is that the former is not a physical currency, that is, we can not put a hand in our pocket and feel it. Another difference is that Bitcoin is not controlled by any bank, it is produced by thousands of computers that work to create Bitcoins and record all their transactions. A bit difficult to understand, is not it? Let's try to simplify it later.
How is Bitcoin created?
Mining is the name given to the process used to create a Bitcoin.
Bitcoins mining consists of a computer connected to the network "competing" with other computers in solving mathematical problems.
Whoever wins receives a coil pack. The difficulty of this mining is defined by the network so that a currency grows within a limited number, that is of 21 million units until the year of 2140, limit this defined by the creator of the cryptomonad Bitcoin, Satoshi Nakamoto.
When Bitcoin appeared in 2009, anyone could be mining with software for that purpose, just by leaving the computer on and connected to the network for mining to be made. Increasing the number of miners, the task dramatically increased the difficulty, being currently only feasible for supercomputers with hardware dedicated to mining Bitcoins.
Where can I store my Bitcoins?
There are numerous Bitcoins "Wallet" services on the internet. Spending a few minutes searching Google we were able to discover the most frequently used Bitcoin wallets on the internet. In many of them, we can also associate a physical credit card and use Bitcoins to make payments on purchases, among other things.
Currently, the use of Bitcoins is quite safe, and we can use the currency without taking great risks.
But ... how much is a Bitcoin worth?
The value of Bitcoin has been increasing brutally. At the time of writing this article, 1 Bitcoin equates to exactly 4310.00 dollars. As you might imagine, due to its high value and being a currency, Bitcoin is widely used in the trading of currencies on the internet.
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