Thursday 6 March 2014

Definition Bitcoins

Definition bitcoins
Bitcoins
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 a peer-to-peer that connects everything. Unlike general currency, bitcoin does not depend on the trust major publishers. Bitcoin uses a distributed database and spread to the nodes of a P2P network to journal transactions, and uses cryptography to provide basic security functions, such as ensuring that the bitcoin-bitcoin can only be spent by people have it, and never be done more than once.

Example wallet bitcoin is blockchain.



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