WHAT IS BITCOIN AND WHERE DOES IT COME FROM?

Bitcoin (BTC) is the most famous crypto currency in the world. A crypto currency is electronic money. It is also called virtual currency. Its peculiarity is that, according to the developers, the information encrypted in it can not be copied, which makes the crypto currency protected from fraud.

WHERE DOES BITCOIN COMES FROM?

Here it is necessary to understand that bitcoins are a sequence of unique encrypted blocks of information. Their release is carried out only at the expense of complex mathematical calculations (mining). To get new bitcoins, you need to calculate a new unique sequence of blocks. And the more bitcoins are extracted, the harder it is to get new ones. That is why bitcoins are constantly growing in price.

Buy today bitcoins offer special Internet exchangers, bots in instant messengers, Internet wallets and crypto-exchange exchanges.

To start using, you need to install a bitcoin-purse on a computer or mobile phone. You can also create a web version of the wallet on the sites where bitcoins are accepted.

TWO DIFFERENT CURRENCIES OF BITCOIN

On August 1 Bitcoin Cash (BCC) separated from the classic Bitcoin (BTC).

Here’s the point. To be able to use bitcoin, the technology of blockade was created. Blocking is an open registry, which stores all the transaction data of everyone who uses this currency. The data is written in blocks. When the blocks are filled, transactions are slower. To solve the problem, the developers went in two ways. The first decided to use the protocol Segregated Witness, which allows you to conduct more transactions in the block. The second released a new program that allows you to conduct eight times as many transactions per block. To negotiate the community among themselves could not, as a result, now we have two currencies, which, by the way, are great in price.

HOW MUCH IS BITCOIN TODAY?

As of August 13, the bitcoin exchange rate has exceeded 4 thousand dollars. Less than a week ago 1 bitcoin cost 3 thousand dollars.

As for Bitcoin Cash, on August 13 it was worth a little over $ 307 on stock exchanges. But what happens next is unknown.

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