Bit coin, the currency that is changing the world.

What is bitcoin Bit coin is money, similar to the euro or the US dollar, used to swap supplies and services. However, different other currency, Bit coin is electronic money that presents novel features and stand out for its competence, safety and ease of swap.

Its main dissimilarity compare to additional currency, it is a decentralized currency, so nobody controls it. Bit coin does not have a central issuer like dollars or Euros, the crypto currency is produced by people and companies from around the world devoting large amounts of resources to mining.

What is bitcoin

If you already know what bitcoin is and what you are looking for is directly  buying  bit coins , here is an entry on the web that explains it. We go there with the guide


All transactions are public, since they are visible in real time under pseudonyms in the form of Bitcoin address. Anyone can reveal the Bit coin address that manages showing with absolute transparency where it goes to the last cent. Imagine governments, town halls, NGOs, foundations, associations, companies, … anyone can take advantage of this functionality in seconds.

Open source

Bit coin is a totally open, free and free software. Anybody can see its source code, study it, audit it or improve it ( here you have it , propose your improvements). Hundreds of people improve it every day: some of the smartest brains on the planet do it better every day under a democratic consensus environment.

In Gather you can see how hundreds of people from all over the planet are collaborating without receiving anything in return. Even if you want, you can copy it and start a new crypto currency ( there are thousands of clones with interesting changes, but also copies without any innovation).

Based on consensus

From the development of the code to the shape of its block chain, consensus operates as a fundamental axis. In its development, the ideas and improvements of the most voted codes for the rest are those that end up being implemented: Bit coin changes if the majority accepts this change. The same applies to the accounting book that manages, the block chain: only if the majority of nodes consider a new transaction valid is it accepted and registered in the account book.

Comments are closed.