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Introduced in 2009 by someone who is known by the name Satoshi Nakamoto Bitcoin is now starting to sound echoes , even Bitcoin increasingly loved by almost all countries . Considered as one of the use of technology that really combines the simple economic principle with a high -tech transactions system .
What is a BitCoin ?
In a simple way, BitCoin is a form of virtual currency or digital currency that can be described as a cryptografi file that can be used to transact directly in virtually. BitCoin is also often called CryptoCurrency and stored on a computer application that can be analogized as a virtual wallet .
Bitcoin is a file that can be stored in the media or on computer and can be traded directly with the method of Peer - to- Peer ( P2P ) . Similar to how the Torrent work. So , if you want to send your Bitcoin to someone else , then you can send it from your computer directly to other computer through computer network/internet by using P2P system without going through an intermediary, this kind of transactions is not as is often done by the banking system . This mechanism is similar as when we exchange money / transactions in physical form directly .
However , is it safe ?
In turn , all Bitcoin transactions will be verified by all BitCoin owner around the world via the internet . This will ensure early complaining of the bitcoin . The more users / owners of Bitcoin , the more secure and stable the Bitcoin ecosystem .
Bitcoin is not issued by a particular country - at least not until today. So, Bitcoin can not be equated with a country's currency. Bitcoin has the same value throughout the state, and can be used by anyone and anywhere. Therefore, until recently, virtual transactions using Bitcoin untouched by taxes .
For more details you can watch on below video that shows what and how Bitcoin works:
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