Person to Person
|Send Bitcoin from your computer, tablet, smart phone or other device, to anyone, anywhere in the world, day and night.|
|Bitcoin verifies transactions with the same state-of-the-art encryption that is used in banking, military and government applications.|
|Bitcoin is open-source. Nobody owns it; the most popular client is maintained by a community of open-source developers.|
|Using the Bitcoin network is free, except for a voluntary fee you can use to speed up transaction processing.|
I’m a big fan of Bitcoin… Regulation of money supply needs to be depoliticized.
Former US vice president and winner of Nobel Peace prize
Bitcoin is a technological tour de force.
Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.
What is Bitcoin?
With the Bitcoin price so volatile everyone is curious. Bitcoin, the category creator of blockchain technology, is the World Wide Ledger yet extremely complicated and no one definition fully encapsulates it. By analogy it is like being able to send a gold coin via email. It is a consensus network that enables a new payment system and a completely digital money.
It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. Bitcoin was the first practical implementation and is currently the most prominent triple entry bookkeeping system in existence.
Who created Bitcoin?
The first Bitcoin specification and proof of concept was published in 2009 by an unknown individual under the pseudonym Satoshi Nakamoto who revealed little about himself and left the project in late 2010. The Bitcoin community has since grown exponentially.
Satoshi’s anonymity often raises unjustified concerns because of a misunderstanding of Bitcoin’s open-source nature. Everyone has access to all of the source code all of the time and any developer can review or modify the software code. As such, the identity of Bitcoin’s inventor is probably as relevant today as the identity of the person who invented paper.
Who is involved in Bitcoin?
Over $1B of investment into Bitcoin and blockchain companies has taken place resulting in thousands of companies and hundreds of thousands of individuals involved from around the world.