Bitcoins world

Well, today almost everybody knows what Bitcoin is. Ay least, everybody has head about such fantastic things as Bitcoins, cryptocurrency, mining etc. Yes, Bitcoin is a type of digital currency, created and held electronically only.

Acryally this is the first decentralized new worldwide and digital payment system allowed users to send or receive any amount of money anywhere in the world, and these payments cannot be controlled, blocked, or frozen by anyone.

No one can control the process but users who send their bitcoins from their own Bitcoin addresses without any control from the side of any third party like a bank or paypal .

You see, Bitcoins are not printed like dollars or any other common curency. The modern currency is created by people, through the “mining” process with running computers all around the world, and using special software that solves some mathematical tasks.

Every time when you solve the mathematical problem successfully you mine block reward – very small portion of a Bitcoin. This is the only way that new bitcoins are created.

Today almost everywhere you go, you can see Bitcoin is popping up more and more. Sure, it’s important to understand all basics of bitcoin, to learn well the details of bitcoin creation, transactions and security issues then you can navigate through by your own, creating your own bitcoins and use them the way you love. You can trade your cryptocoins online, peer to peer, and use them for a variety of goods and services. It’s like your internet cash.

But the way of making Bitcoin payments is much easier and shorter than you usually do it paying with your debit or credit card. Even you don’t need a merchant account. You just make your payment from a wallet application on your computer or smartphone, by typing the recipient’s address, the payment amount, and pressing send. Also using QR code you can make transaction just with touching two phones together with NFC technology.

There are a growing number of businesses and individuals which are using Bitcoin. Modern currency is accepted now in brick-and-mortar businesses, restaurants, law firms, apartments, as well as many popular online services such as Bitcoin casino have started to accept the virtual currency.

That’s really fantastic! Even though we’re still at the beginning of the way now, it looks like the virtual currency already represents the future.

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