The ups and downs of the Bitcoin course are one of the main topics in the global economic press. What is the reason t why online creation so moving the imagination of millions of people?
History of Bitcoin
Bitcoin is a virtual cryptocurrency, created in 2009 by unknown authors, operating under the pseudonym Satoshi Nakamoto. Its existence is based on extremely advanced cryptography and P2P (peer-to-peer) exchange networks, i.e., without intermediaries.
Reason Why Use Bitcoin
In principle, anyone who has a computer can mine Bitcoins. Basically put, Bitcoin can be obtained by distributing the computing power of your computer. The cryptocurrency creation scheme works as a type of perpetual motion machine – the work of PCs “miners” is wanted to take out Bitcoin transactions on the network. However, there is a catch, because in fact, for the average person, the chances of getting one coin worth almost a thousand dollars today are small. Here you need great computing power obtained by using entire farms with powerful servers.
Some entrepreneurs took the risk by buying powerful computers and paying huge electricity bills. Before they can take out a few Bitcoin, it may turn out that they have lost their value, thereby generating a defeat for the whole commerce. Entertainingly, the author of cryptocurrency built-in in their idea a clever mechanism adaptable excavations. Well, the additional “miners” in a given era try to obtain digital coins, the additional hard this task is. When a group of prospectors gives up further labors, Bitcoin mining becomes easier, encouraging new “miners” to take action.