Bitcoin (฿, VTS) is a digital currency that does not have a master control center. Its course does not depend on either banks or governments of any kind of states, or on the situation in the world, but only on the will of those who believe in it. In fact, it is not provided with anything other than faith. But precisely because neither capitalists nor communists stand behind the bitcoin, people believe in its future. In other words, the most popular crypto currency is a large monetary game, the responsibility for which is borne by the players themselves.
A bit of history
The father-inventor of the Military-Technical Cooperation was a brilliant man, who wished to remain anonymous. Known only is his pseudonym - Satoshi Nakamoto. Hence the name of the minimum bitcoin part is Satoshi (satoshi = 0, 00000001BTC).
Pronunciation and spelling of the word can be different - bitcoin or bitcoin (both variants are correct).
Since the appearance of bitcoin (2009), its value has grown millions of times. It is possible to designate the exact course of military technical cooperation only at a certain point in time, since it changes every second. Only for 2017 the most popular virtual currency has risen in price 15 times. Today, no one will dare to make any long-term forecasts about its rate, even despite the overall stable trend towards growth.
How it works?
As you already knew, in the physical world bitcoin does not exist. There are only special registers of accounting for its availability and transactions of each market participant - the so-called blockhouses.
It is appropriate to draw a parallel with non-cash bank payments: you pay for the goods without transferring the seller to gold or paper money, and this operation is fixed in a special register. The main difference is that the information about the digital currency is stored not in a single closed banking system, but in all users' computers. Every person who has ever performed operations with bitcoins can see all transactions for the entire history of their existence.
From counterfeiting, registries are protected by cryptography. It is impossible to rewrite the information in the block and state that there are now millions in your account. Thus, VTS is a sufficiently protected currency.
Where do the bitcoins appear?
Volumes of money issued by states are indirectly linked to their gold and foreign exchange reserves. Although, by and large, how much the government needs, so much it will release.
Virtual currency bitcoin is not associated with any particular state, no one from outside can print it or devalue it. This is the basic concept of money that belongs exclusively to their owners. They can pay anything anywhere in the world where there is Internet, and they can not be faked.
Each transaction is recorded in the register and is printed with a special signature, the calculation of which is a very complicated computer task. For example, in Russia, a person bought a bitcoin purchase in a supermarket, and a computer in the United States calculated the cryptographic signature of the operation, for which its owner received a reward in the form of VTS-kopecks.
For an American, it looks like this: his powerful computer equipment rustles, calculates signatures and produces bitcoins (in fact, he simply encrypts and reprints other people's transactions). This is mining - the process of producing a new crypto currency and making a profit. Thus, new VTS units appear as a result of servicing the internal needs of the crypto-currency network. Their output is strictly limited (maximum - 21 million).
Why do we need bitcoins?
The digital currency allows you to conduct transactions without specifying your real name (under a pseudonym) without involving banks. This is very convenient for operations outside the CIS. For bitcoins today you can buy tickets for aircraft, office equipment, make donations to charity and many others. other
In September 2017, the first crypto-real estate transaction was registered: the Ukrainian-American billionaire Mark Ginzburg sold an apartment in Kiev for the bitcoins. The history of the Norwegian student was widely known, and immediately after the appearance of the bitcoins for the sake of interest, he acquired them for $ 24. Four years later, he remembered his investment and found in his account an amount equivalent to $ 885 thousand.
With each passing day more and more people are trading in kripotovlyutoy on exchanges, keeping their savings in it. This is much more profitable, in the long term. than buying dollars or gold, and at the moment is much safer.