12 Key Things to Know About Bitcoin

By 2013 someone buys a Bitcoin for £ 200. But it never really happens. The more he buys, the more confused and worried about the whole he gets. So he gave up. at that time he did not know, but if he is diligent, Bitcoin will now be very valuable, even more than £ 6,000. And that would make him a billionaire.

Bitcoin has tremendous implications for everyone's future. Finally he understood. It also became clear that today it is much easier to buy Bitcoin than 4 years ago, before we go any further, it's good to know first what it is bitcoin ..

What Is Bitcoin?

Many people say, Bitcoin represents the future to pay for something, as a new global 'global cryptocurrency'. Instead of using a £ 1 or $ 1 coin to pay / bill, there is something that could be 1 Bitcoin (1 BTC). But Bitcoin's niai is much larger than the common currency, and this is why people often get confused.

Bitcoin also takes on the role of a central government bank (eg Bank of Indonesia). Governments have traditionally had control over the currency supply open to manipulation and corruption. As a beginner, it takes days to research the ins and outs of Bitcoin, its benefits and risks. And here's a list of distillations of 12 key points.

1. Trust - Fill 'trust gap' between both parties (current role of bank).
2. Secure - Transactions encrypted in Blockchain are not likely to be hacked.
3. Decentralization - In the absence of any control, it can not be derived, hacked or manipulated.
4. Not regulated - There is no guarantee for protection if payment is made by mistake (there was an error).
5. Transparent - Code and all transaction data.
6. Low cost - Removing institutions and shifts, especially for international payments.
7. Speed ​​- Complete digital network.
8. Limited supply – Capped at 21 million Bitcoins.
9. Really global - No geographically exclude .
10. Privacy - The institution does not store your data
11. Virtual - Despite its name, Bitcoin has no physical coins. All 1s and 0s.
12. Volatile - Bitcoin values ​​fluctuate wildly as they are still relatively new.

hopefully useful, thanks ...