The Bitcoin: Future Currency?

Bitcoin is a currency type digitally designed and encrypted for the verification of asset transactions, and to the creation of control of the currency; The name given to this type of currency is cryptomoned. This famous coin around the world was developed in 2009 by Satoshi Nakamoto. This peer-to-peer electronic money system was given the XBT symbol for the use of the market. Like any other currency, the Bitcoin has its own unit of the unit ranging from MillibitCin (0.001) to Satoshi (0.00000001).

The design of the Bitcoin is extremely complex, but very reliable. First, one of the issues questioned in this matter is your safety. Believe it or not, Bitcoins are safer than the regular currency. The obvious thing is that, you can not stole physically, and although you can steal electronically, the following explanation will show you how difficult it is to do this.

I would like to start talking about the storage of this electronic currency. A cryptomoned portfolio is basically the same as a material wallet, when you go to save the money. The electronic purse works the same as Amazon or accounts of any website where their credit cards are stored, except that in this case it will store the money effectively. The way you win this money is by creating an address at the time of creating your Bitcoin account. This portfolio has a hardware device that looks like a clicker, where you will receive notifications in any type of transaction.

The shape in the portfolio was built complements with the way transactions are made. Transactions are mainly the same as in the present; Therefore, that the exchange of an output for an entry. The form is followed up with the currency is that Blockchain transmits live the movements of money live. Each time a payer sends Bitcoins to a beneficiary, the transaction has been registered in the Blockchain. This Blockchain is administered by the programmers of the currency. To avoid duplication, transactions follow the inputs and refer to these previous outputs.

However, safe transactions can not do all the work of securing the currency, which needs human supervision. The coin is supervised by the miners. What these people do is that they maintain transaction records and through the system seek inconsistencies. Blockchain is composed of blocks, each block contains cryptographic hash. Hash cryptographic is a set of data that can be tracked. This new block need for a work test in itself to be accepted.

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