What are Bitcoins?
In Bitcoins is a digital currency, so to "money", which they are not directly in physical Form as the Bills or coins. Bitcoins are calculated and encrypted data blocks. The name is a portmanteau of the words "Bit" and "Coin". Bit is a unit of storage in a Computer that Coin is the English word for coin.Frequently asked questions
As long as there are Bitcoins already?Bitcoins were for the first time in 2008 in the theory addressed. Even a short time later, in January 2009, were then the first Bitcoin blocks is calculated.
How are Bitcoins?
Bitcoins will not be printed or arise "suddenly" without interference. Rather, Bitcoins calculated. This proposal of the currency on a complex formula as well as a very strong encryption back. The design procedure is pleased to as "Mining" (English: mine).
Due to the complexity, it is for an individual PC is not practicable, Bitcoins to calculate. The calculation is very less Bitcoins takes on an individual PC is already several months. Therefore connect several computers in the Bitcoin network together and calculate thus, in a shorter period of time more Bitcoins.
It is not worthwhile, as an individual user Bitcoins to mine, because the cost of electricity for the calculation to be higher than the value of the generated Bitcoins.
There is no Inflation?
No, because the generation of Bitcoins not endless. No later than 21 million Bitcoins has reached the end. A fake is also excluded, since the Bitcoin Software, the user would have to be rewritten.
How do I get Bitcoins?
To Bitcoins, you need to get first a so-called Wallet, so a purse for Bitcoins. It is recommended here that the Wallet-Software Bitcoin-QT.
As soon as you are in possession of a Wallets, you can use a regular currency (US dollars, euros) Bitcoins buy and your Wallet add.
How anonymous are Bitcoins?
The anonymity of Bitcoins varies greatly. Your Bitcoin address is not linked to any Person and, therefore, anonymous. However, those who Bitcoins want to buy, it is usually disclose personal information. Thus it is quite possible that your identity and the identity of Bitcoin receiver is found. Who Bitcoins to secure anonymous Due to deposits, however, remains anonymous.
I can Bitcoins buy everything?
If the dealer Bitcoins accepted, you can practically as well as buy everything.
What is the value of a Bitcoin?
The value of a Bitcoins has over time developed strongly. In the beginning was the confidence in Bitcoins very low, which is why a Bitcoin only a few cents of value recorded.
Due to the massive increase in acceptance, awareness and flexibility is the course since the end of October 2013, however, massive exploding. At the 28.11.2013 owned a Bitcoin a value of about $ 1,000.
How safe are Bitcoins?
Bitcoins are due to the complexity of calculation and of the system are enormous forgery. In addition, there are certainly ways, Bitcoins practically completely anonymous. Identifies you as a Person can be avoided.
Particularly interesting is, however, the fact that no state or a Bank influence on these "Computerwährung". This means that nobody regulate and the value could corrupt. And only to the market determines the course.
What are the disadvantages have Bitcoins?
Without control there is a great risk that the Bitcoins enormously in value lose or win. This development was most recently in October 2013 to be observed, as the price for a Bitcoin of about 100 to nearly 600 Euro soared. In addition, Bitcoins due to the anonymous payment method least frequently as "funds" for illegal activities seen, however, what is not applicable was and is.
How anonymous are Bitcoins?
How are Bitcoins?
How do I get Bitcoins?
How safe are Bitcoins?
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What are Bitcoins?
What are the disadvantages have Bitcoins?
What is the value of a Bitcoin?
What is Bitcoins?
By
David Amoyal
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Wednesday, April 30, 2014
The currency of the future seems to be digital. The value of Bitcoins growing for months. We explain to you, what is it with the Bitcoin...
