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The Bitcoin is a open-source software project for the same digital currency on peer-to -peer ( P2P) based wos 2009 of Satoshi Nakamoto in life is: Bitcoin (BTC) . Or refer to service over the network to other addresses.
Unlike ollen ondaren currencies there ka central institution that trade Gold . Instead the Bitcoins generated by computing power. Through a defined upper limit ' of existing Bitcoin could show infinite Inflation.
Histry of The Bitcoin"
The fact that it is trading credit of Bitcoin by users in a distributed database , as anonymous accounts and anonymous Transfer possible. Through public-key method, and only is possible and it could be traded, only by the person who the Bitcoins. Moreover, it is therefore not controllable by governments or any institutions.
Bitcoin is a implementation of the crypto currency , ana idea of Wel Dai from there cypher through mailing list. Since there Debattn to WikiLeaks in mid 2010 and since blocking of WikiLeaks accounts with Visa, MasterCard and discussed before PayPal is Bitcoin as an alternative . In )Payiny to WikiLeaks accepted , for example, the Electronic Frontier Foundation scho ols BitCoins donation.
Technology:
The technique is produced on , 2008 at White Paper from Satoshi Nakamoto and schlagn wurdn . Jeda users of the software kriagt a wallet file in which there is a public and a private key . Since public portion serves an address to be send and Encrypted, the private portion of the authorized transactions generating the Address key authentication information about its owner and exchange, there's a readable form of 33 characters . could thereby theoretically infinite value, jeda user accounts have , as each generation of marketing to Bitcoin because based on balances on account, it allows for ev'ry purpose.
The validation of the transactions make the nodes from the network. In jeda transaction, because own public ssl key by the owners eof xchanges and signed at private ssl key. About the Tiger Tree Hash each transaction is established in there database to double spend. the program Peers is mainly by the IRC channel # bitcoin on irc.lfnet.org .
Bitcoins generated and distributed through the solution of complex mathematical Algorithms on the computer network, wherein the upper limit of existing Bitcoins to 21 million is , each Bitcoin 8 shares could be . given a total number of vo 2.1 x 10 ^ { 15} . Bitcoins calculate si by the formula (6 * 50 bitcoins / hour ) * ( CPU / sum as total CPU speed from the network ), thus the generation of 50 Bitcoins on to computer 'd last about 1 year . [ worth si generation in style with GPUs of larger computer networks, However the current price (yet) available in Market of Bitcoins .
There are Websites that exchange Bitcoins in ordinary currencies (eg. U.S. dollar Japanese yen . etc) and thus the counterpart to exchange . Also, there' are dealers, the various good services for Bitcoins , Web Hosting up to Giga Bites. Due to the decentralized approach fluctuations give instabilities.
The fact that there are institution , earning by the transactions, there's transfer fee . It could be a fee of the transaction process . on designated Bitcoin, could thereby a net by a central instance . the owner of the anonymous address, is a contacting.
The Bitcoins developed by geometric lined up , looking estimate 2033 full .
Except through censorship by a government acceptance because potential users of Bitcoins net lose " value " . By anonymity and cryptographic method, but net was possible so-called crypto currency , ie crypto currencies to banish from the Internet, such as eg with electronic currencies (e- gold) is happening before.
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