THE BITCOIN The Bitcoin you see here is only intended as a collectible item. A Bitcoin is therefore not a means of using cash, but can only be purchased or sold via the virtual route against any existing currency. It is of course unique to own a copy because even everyone who receives a Bitcoin as a gift will be very pleased about it.
WHAT IS A BITCOIN The Bitcoin is a form of electronic money, and also the name of the open source software that is designed to use this. It is the first implementation of the concept called cryptocurrency or cryptographic money, first described in 1998 by Wei Dai on the cypherpunks mailing list, and implemented in 2009 by Satoshi Nakamoto (pseudonym of an unknown person or group).
DESCRIPTION The idea behind the operation of Bitcoin can be read in a document by Satoshi Nakamoto. Bitcoins can be stored on a personal computer in the form of a wallet file or managed by a third party such as blockchain, a wallet service. In both cases, the money can be sent to another person via the internet by anyone with a Bitcoin address.
ELECTRONIC MONEY This electronic money uses a database spread over nodes of a peer-to-peer network to journalize transactions, and uses cryptography to provide the necessary security so that Bitcoins can only be issued by the person who owns it, and can never be issued more than once by that owner. The peer-to-peer topology of Bitcoin and the lack of central administration makes it practically impossible for a government, or anyone else, to induce more monetary inflation than previously specified: unlike with paper currencies, the growth of the money supply is therefore predictable and limited.
ABUSE IS VERY DIFFICULT It was established in mid-2013 that people who use Bitcoins for criminal activities are often relatively easy to trace. This is shown by research by the University of California in San Diego. Money laundering with the digital currency is therefore not as simple as long thought. A Bitcoin is therefore not a means of using cash, but can only be bought or sold via the virtual route against any existing currency.]
HOW TO BUT THE BITCOINS Each transaction is stored in a so-called blockchain that contains information about the accounts involved and how many Bitcoins have been transferred. This is an essential part of the system: in this way people can not reuse the same coins. Although Bitcoin transactions are not as transparent as credit card data, the researchers believe that this currency is certainly not as anonymous as cash.
BITCOINS FROM THE PIN AUTOMATIC In 2013, the first Bitcoin ATM machines were installed in Canada, where users can obtain Bitcoins in their electronic wallets against payment of Canadian dollars. The cash dispensers provide a QR code that can be scanned by the users and exchanged for either Bitcoins or Canadian dollars.
Material: Metal Year: 2000-Present(Random) Style: Modern Technique: Plated Theme: Letters Regional Feature: Europe Coin type: Non-currency coin