Bitcoin fact sheet
WHAT IS BITCOIN?
Bitcoin is a non-state digital currency and is not associated with any financial institution. This currency is not physically shaped and stored in cloud computing. “Public Key” be like the bank account number of bitcoin transactions.
WHY DOES BITCOIN CREATED?
The system was created in order to facilitate the process of of currency transfer without the need for a third party, also with very low transaction fee.
WHY USE BITCOIN?
Transfer process faster, easier and does not need to cost big. In addition to, international money transfer, can also be used for investment.
This digital payment system was created in 2008 by Satoshi Nakamoto, who left the project in 2010. He hasn’t revealed much about himself, and his identity has often raised concerns about the open source nature of the bitcoin.
IS IT LEGAL?
The legality depends on what you do with bitcoin, who you are and where you live. Countries that legally accept bitcoin is the U.S., Australia, Canada and the European Union. They also arrange them in order to avoid abuses such as buying and selling illegal goods. Meanwhile, Iceland, Ecuador and Bolivia have been absolutely forbidden it.
HOW TO BUY IT?
Bitcoin can be purchased online using a credit card, the dollar and the euro and other currencies.
HOW TO “MINE” THE BITCOIN?
This currency is not physically formed at all. Instead, bitcoin mined through transaction verification processes and solve computational puzzles. ‘ Miners ‘-specific user authorized to verify and secure transactions-which solve puzzles first got the opportunity to claim that bitcoin as gifts, which also became the new currency was released.
HOW TO SAVE IT?
Bitcoin can be stored both in the desktop, mobile, web, or your hardware using software called Bitcoin Wallet.
HOW TO SELL IT?
You can sell digitally bitcoin well with switch with another currency or use the bitcoin trading market, also known as the trading room of peer-to-peer networks, where you send an online request and wait for a response. It could also sell their own, by scanning the QR code on the other phone.
WHAT COMPANY RECEIVES IT?
Bitcoin is a digital currency is most famous, and some companies accept as a legitimate payment in several parts of the world for a variety of products and services. Some of these are Microsoft, Dell, WordPress.com, Bloomberg.com, Reddit, Expedia.com and Whole Foods.
PIZZA, THE FIRST OBJECTS PURCHASED WITH BITCOIN.
Bitcoin transactions first is $25 for pizza purchased with 10,000 bitcoin. Pizza bought by Laszlo Hanyecz in May 2010.
THE TRANSACTION IS NOT ANONYMOUS.
All transactions are stored permanently in a network and details of balances/transactions from each address Bitcoin are public. However, the user identity is not disclosed.
THE PAYMENT CANNOT BE CHANGED.
Bitcoin transactions cannot be cancelled; they can only be returned by the person receiving the funds.
LOST WALLET, LOST BITCOIN.
Bitcoin have unique keys, when you lose it with a wallet (wallet of storage), then the bitcoin is removed from circulation forever.
THE FBI HAS THE BIGGEST WALLET BITCOIN.
After the FBI lethal drugs online Silk Road market in the year 2013, the FBI reportedly has captured all of the bitcoin owners which is worth $3.6 million at the time. It is estimated the Agency now controlled more than 144,000 bitcoin.
Thank you very much for reading Bitcoin fact sheet, hopefully useful.
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