16/10/18 03:35 UTC-4

Bitcoin Gold coins

Uniqueness and Benefits of Bitcoin
Uniqueness and Benefits of Bitcoin

Bitcoin coin is a new kind of decentralized digital currency. A coin was created and operated only on the Internet. No one controls the system. Currency emission occurs through the work of millions of computers around the world using a program for calculating mathematical algorithms.


main advantages

Bitcoin makes payment on the Internet system, as well as the dollar, euro, hryvnia or ruble and is traded on stock exchanges. The most important difference between Bitcoin and all other forms of currencies is decentralization. No institution controls Bitcoin. In terms of independence, this is a plus. But in many this situation causes distrust.

Interesting in the section: White Paper, as source of Bitcoin

Advantages: decentralization, anonymity, minimum fees, no limits and other restrictions, money transfers at any time (24/7), instant transactions, security.


creating bitoсin

Satoshi Nakamoto became the creator of Bitcoin in 2009. Satoshi invented Bitcoin digital coins as an online platform based on mathematical calculations. The essence of the idea was to independently launch a means of exchange, which can be sent electronically in a secure way.

In simple words, Bitcoin is a program that opens access to the electronic Bitcoin-Wallet. Also, under Bitcoin, there is an available registry called Blockchain It contains the history of all manipulations and conducted transactions. And most importantly – they can be seen and controlled by absolutely any user around the world.



The first Bitcoin payment transaction took place on 22.05.10. That day, Laszlo Hanyecz from Florida bought pizza for 10.000 coins of digital gold, Laszlo was interested in the very idea of ​​such a payment. It turned out very profitable for the seller pizza deal. After all, the cost of pizza was about $ 25, and 10,000 Bitcoin coins – $ 41.

Interesting in the section: Main Features and Future of the Decred

In 9 months after the transaction, digital coins significantly increased in price. And in 2015 was the anniversary of Bitcoin-pizza – two pieces of the test were estimated at $ 2.4 million. And for today electronic coins cost slightly more than 8200 $. But despite the colossal growth of Bitcoin, Hanyecz did not regret the deal, because this day went down in history!

Editor: Yuliya Soroka

#BTC #bitcoin #cryptocurrency #blockchain



10/05/19 07:27 UTC-4

Cryptocurrencies in Germany: financial geography

Cryptocurrencies in Germany are becoming increasingly popular. In March last year, the German Ministry of Finance recognized Bitcoin and other Altcoins as “official means of payment”. Since then, the popularity of Bitcoin and crypto payments has increased several times.

12/04/19 06:30 UTC-4

Financial geography. Cryptocurrencies in Sweden

Sweden, a northern European country, as well as neighboring Denmark, became a haven for cryptocurrency. The country has the lowest utilization rate of paper money, and therefore it was incredibly easy to accept digital assets for residents of Sweden.

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Financial geography. How to live for cryptocurrency in Argentina

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