summay about BITCOIN

in #bitcoin7 years ago

What is BITCOIN?
An advanced money, used to make installments of any incentive without charges. It keeps running on the blockchain, a decentralized record continued running by "excavators" whose capable PCs crunch exchanges and are remunerated in bitcoins .

Who created it?
Satoshi Nakamoto, a cryptic web client, developed bitcoin in 2008 preceding it went online in 2009. Many endeavors to distinguish Satoshi have been made without definitive verification

What's it for?
Individuals see an incentive in cash free from government control and the expenses banks charge; and also the blockchain, to confirm exchanges. Bitcoin has been viewed as an apparatus for private, mysterious exchanges, and it's the installment of decision for medicate bargains and other illicit buys.

Is it worth anything?
Yes. Starting at July 2017, there were around 16.5m bitcoins available for use. In March 2017, the estimation of a Bitcoin, at $1,268, surpassed that of an ounce of gold ($1,233) surprisingly.

what is Bitcoin Cash?
In August 2017, the blockchain forked to help another cryptographic money, Bitcoin Cash, which is advanced marginally in an unexpected way. Individuals who held Bitcoin got an equivalent estimation of Bitcoin Cash following this 'hard fork'.