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Bitcoin: A digital signature by mathu heden






Article Author Biography
Bitcoin: A digital signature by
Article Posted: 09/13/2013
Article Views: 145
Articles Written: 1048
Word Count: 428
Article Votes: 1
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Bitcoin: A digital signature


 
Finance & Investment
Bitcoin is a digital crypto-currency that can’t be regulated by any bank or government. It is not like a traditional currency. Bitcoin derives its value from scarcity like gold. It uses peer to peer technology to work. No central authority or banks regulates its transactions. Sometimes it is also known as cyber currency. It is open source, its design is public and we can say that everyone can take part in it. It has many unique properties unlike traditional currency. The economy of bit coin is increasing rapidly. It is used anonymously over the Internet. It can be used as a payment for goods and services or by buying them from a friend or someone near you. Bitcoins can be obtained directly from an exchange with your bank account. Bitcoin Wallet also can be brought in your everyday life by using mobile phones and laptop. There is a facility to have online wallet only for online payments on your computer. It can be done in few minutes in some simple stages. There are a large number of web sites which accept it for online payments. The main advantage associated with it that there is no need to give your personal information like your name, credit card number, address and other things. So it is safe and secure mode of payment. It also prevet you to spend more money. This is the reason due to which users of this currency are increasing every day. Bitcoins are used as money and can be used for purchasing various types of goods and services. It can be used for individual living expenses. This currency is also a medium of saving taxes since no taxes is applied when you make payment through it. There is a great advantage of this currency is that it can be broken down into a hundred million parts, each called a satoshi. You can buy it, sell it and exchange it. It can be send to other person as a gift but the condition is that the both giver and receiver have account and online wallet associated with it. The online wallet is the address of the person to which you can send it or from where you can accept it. There are also some drawbacks with this digital currency. The most important is that it can be used only online. Besides these things bitcoins are very useful and safe mode of payment.

If you want to collect more information about change bitcoins and exchange bitcoins then visit our website and get useful informations.

Related Articles - Change Bitcoins, Exchange Bitcoins, Sell Bitcoins, Buy Bitcoins, Bitcoin Change, Bitcoin Exchange, Convert Bitcoins,







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