The Shocking Facts About Bitcoin

If you follow technological developments, the term bitcoin may already sound familiar to your ears. Bitcoin is one of the most valuable cryptocurrency types in the world. Cryptocurrency is a technology for making digital currencies that use cryptography for security that makes it impossible to forge.

Cryptocurrency is a digital currency that operates independently without central bank intervention. The idea is to create a system where money is not linked by geographical location like the internet. Here is a surprising fact about bitcoin

1. No One Entity Who Controls This Currency

What distinguishes bitcoin from the common currency is the entity that controls it. Contonya, Rupiah is controlled by Bank Indonesia (BI). In contrast, Bitcoin is not controlled by any entity. That is the reason why Bitcoin prices are more volatile than other currencies is that there is no single entity that controls the price of Bitcoin. Bitcoin Hercetti is determined by everyone who has this Bitcoin, if you have Bitcoin at the moment, then you get one of the people who determines the Bitcoin price.

2. You Can See All Transactions

Bitcoin is completely transparent, all transactions that once took place at the same time a person's balance can be accessed by anyone. However, does not include your personal data.

3. Number of Bitcoins Limited

Bitcoin has only 21 million Bitcoins available in the world. This number has been converted in the form of programming codes and the latest Bitcoin is expected to be mined sometime around 2140.

4. Bitcoin Technology System is Really Safe

Bitcoin uses the BlockChain system, where the system is not centered and interconnected with each other. The longer, the algorithm will be longer. Well, currently the chain block Bitcoin is very long so very difficult to penetrate.

5. You Can Mining Bitcoin

To get Bitcoin, there are several ways that one of them is by mining or mining. Bitcoin is produced by solving a mathematical problem involving a series of complicated algorithmic calculations on the computer. Bitcoin miners then get some Bitcoin if it solves the problem.

If you are looking for references to online payments, you can look at the Bali Web Developers website.

Source:
blog.bitcoin.co.id
jalantikus.com