what is bitcoin ?

Definition and History of Bitcoin

Bitcoin is a virtual currency that can be used to transact online. When asked how this form of currency, which is amorphous and not as a physical currency issued by a bank and it is not the currency of a country. The shape of this unique currency is just a file like ordinary general files.

The file is encryption of unique codes that make it not the same with each other. And like mp3 files or word that you have on your computer equipment, Bitcoin files can also be stored in a computer or a flash disk or a software called Digital Bitcoin Wallet. In addition Bitcoin can also be stored in the storage services on the Internet Bitcoin shaped like social cloud.

According to some sources, the history of the birth of Bitcoin began in 2007. A computer scientist trying to develop a virtual currency system is an entirely new models are not bound by any person or authority. The man was named Satoshi Nakamoto. The man from Japan is claiming develop Bitcoin for 2 years and started to take it off in the world of the Internet in 2009 and eventually spread to the present.

However, there are some experts who claim that the inventor is a fictitious name and no real person with that name. There are some experts who claim that the currency Bitcoin is something created by a person or group of people who really want to make a new perception in the world of online transactions. And the main goal of course to take advantage.

Advantages and Disadvantages Bitcoin

The advantages of Bitcoin as a payment instrument is that it is simple and quick. Bitcoin is a means of transactions per person and only people who can use it to hold it. Also in use it is, we do not need to include personal information such as the currency of the bank or other online transaction accounts. This course provides information security of the owner.

Might be the costs of the use of Bitcoin is because its shape is just a file, allowing Bitcoin becomes damaged / lost / deleted if something happens to the device where we store the Bitcoin. And its greatest weakness is that Bitcoin is a tool that is present transactions because there is a will and trust of the penggunaya. This allowed for a time of Bitcoin could really not worth because there is no one wants to use that currency.