Bitcoin is a currency for the internet. With Bitcoin, you can make payments
anywhere in the world conveniently and for little or no cost.
The Bitcoin system is not operated by any government. It is not controlled by
bankers. It is not the product of any corporation. Bitcoin is a peer-to-peer
internet currency. Every transaction within the Bitcoin system is checked and
processed collectively by the computers that form the Bitcoin network.
Everyone can use Bitcoin. There's no charge to join, and no need to register.
Just install the Bitcoin software and start it up. You can earn
Bitcoins by selling products and services to the Bitcoin community, or you can
buy bitcoins from exchanges.
To send bitcoins to someone else, click on "Send coins". Choose the recipient
from your address book, or paste in their Bitcoin receiving address. To receive
bitcoins, tell the sender your Bitcoin receiving address so that they can send
you some coins. You don't need to have your Bitcoin software running when someone
sends you coins.
The total number of bitcoins is fixed, but they are subdividable and can support
any level of trade. Bitcoins are originally earned by those whose computers are
processing Bitcoin transactions, and it's also possible to earn small
transaction fees from certain kinds of Bitcoin transactions. This provides an
ongoing incentive for people to allow their computers to process Bitcoin
The Bitcoin system is underpinned by mathematics and secured by public key
cryptography. Because Bitcoin is a peer-to-peer system, only valid transactions
that are acceptable to the network will be processed. Someone attempting to
defraud the system would need to control more computer power than all of the
honest network nodes combined, so there is strength in numbers.
To get started, visit bitcoin.org and download the software or join the
forum. Bitcoin is an exciting and potentially game-changing currency.
But I think I got a better introduction.
---> What is bitcoin? <---
Bitcoin is money. It is a currency like any others that is used to buy goods and services via the internet.
CUE VISUAL CUES:
Bitcoins IS LIKE the...
USD. Yen. Yuan. Pound. Euro.