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Bitcoin is an electronic currency created in 2009 by Satoshi Nakamoto . The name is also associated with open source software that he designed , and also uses peer-to - peer that connects everything . Unlike in general currency , bitcoin does not depend on the trust major publishers . Bitcoin uses a distributed database and spread to nodes - nodes of a P2P network to journal transactions , and uses cryptography to provide functions - basic security functions , such as ensuring that the bitcoin - bitcoin can only be spent by the people have it , and should not be done more than once .

Bitcoin allows for the design of ownership without identity ( anonymous ) and transfer of wealth . Bitcoin - bitcoin can be stored on a personal computer in a file format wallet or stored by a third party wallet service , and in spite of all that Bitcoin - bitcoin can be sent via the Internet to anyone who has a Bitcoin address . Topology of peer - to- peer bitcoin and the lack of a single administration makes it impossible for the authority , any government , to manipulate the value of bitcoin - bitcoin or cause inflation by producing more bitcoin .

In short bitcoin electronic currency which is based on the most recent technology and began to be an option in lieu of gold . Bitcoin itself is made of a combination of various technologies of cryptografi , economic and network to form a program that consists of a network of peer-to - peer that sturdy and almost impossible to attack , technological or rather a new currency is called cryptocurrency . Bitcoin is ultimately serves as currency .

Based DailyDotCom use Bitcoin or cryptografi currency is increasing dramatically . Year 2012 and the highest point of the transaction were achieved by reaching 58,000 transactions per day . Now that the new year Bitcoin transactions hold steady at 50,000 points per transaction day . Internet users continue to enthusiastically use bitcoin as a currency which is entirely digital internet . Even giants like WordPress is now accepting bitcoin currency in the provision of services. Based on Forbes bitcoin become a popular alternative currency because of the ease of use , the system is decentralized and available access to all the main attraction in this currency .

Bitcoin itself even been rumored to be the main rival banking industry . Macleans said that unlike Bitcoin online currency that ever existed on the internet . Decentralized system means that the circulation of money can not be regulated by anyone . And just like cash money , bitcoin transactions occur directly from person to person without intermediaries so that the shipping cost is very minimal and these transactions occur without any constraints . Decentralized systems also maintain the security and privacy of the owner bitcoin currency bitcoin ensure that they can not be frozen by anyone . Use bitcoin itself is also increasing . Mt.Gox , the largest bitcoin exchanger show that they have done with the dollar exchange bitcoin fantastic to the point of $ 3 million dollars at the rate of 1 bitcoin for 13 dollars . Bitcoin future is forecast to continue to rise and will continue to grow bitcoin users .

Other currencies like Bitcoin has been used in many places such as :

Trade in goods generally like Buy & Sell Forum : Bitmit , BitcoinMarketPlace .

Bitcoin exchange with other currencies such as USD , Yen , Euro , etc. : mtgox , bitcoincharts .

Forex using bitcoin : Bit4X , FirstNationaLib .

Bitcoin wallet storage service providers . Functions like a Paypal account , etc. LR : BlockChain , CoinBase , WalletBit .

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