
Bitcoin: What Is It, and Is It Right for Your Business?
OK, so what's Bitcoin?
It's not an real coin, it's "cryptocurrency," a virtual shape of payment this is produced ("mined") via masses of people international. It lets in peer-to-peer transactions immediately, worldwide, without spending a dime or at very low cost.
Bitcoin became invented after a long time of research into cryptography by software developer, Satoshi Nakamoto (believed to be a pseudonym), who designed the algorithm and brought it in 2009. His proper identity remains a thriller.
This forex is not subsidized by means of a tangible commodity (including gold or silver); bitcoins are traded on-line which makes them a commodity in themselves.
Bitcoin is an open-source product, reachable by means of everyone who is a person. All you want is an e mail address, Intern...