Bitcoin: The Beginner’s Guide to Purchasing, Selling, Storing, Mining and Exchange Trading the Virtual Currency (Quick and Easy Series)

November 11, 2014

Bitcoin: The Beginner’s Guide to Purchasing, Selling, Storing, Mining and Exchange Trading the Virtual Currency (Quick and Easy Series)

Learn EVERYTHING there is to know about Bitcoin!What is a Bitcoin?Bitcoin (BTC) is a digital currency, also considered a peer to peer electronic cash system. The currency was first described and established by developer Satoshi Nakamoto in 2008, in a paper. It was Satoshi who established the fact that Bitocin is a digital currency and an electronic cash system. Today, Bitcoin is a transferable currency which is powered by an open source cryptographic protocol. Unlike other currencies and precious metals, Bitcoin is not managed by a central authority nor has no governance.Every Bitcoin is divided into 100 million Satoshis (smaller units of Bitcoin). Satoshis are defined by eight decimal places. Satoshis can be transferred through computer, smartphones and other electronic devices without the need of informing or using a middleman or an agent such as a bank or a financial institution. How are Bitcoin created?Bitcoin are generated automatically by servers known as bitcoin miners. These s

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