What is and how to earn BTC.
Bitcoin is a currency, that was created in 2009. Invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto.BTC aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.
What makes Bitcoin different from normal currencies?
1. Btc is decentralized
The bitcoin network isn’t controlled by one person or central authority. Every machine that mines bitcoin and processes transactions makes up a part of the network, and the machines work together. That means that, in theory, one central authority can’t tinker with monetary policy and cause a meltdown – or simply decide to take people’s bitcoins away from them, as the Central European Bank decided to do in Cyprus in early 2013. And if some part of the network goes offline for some reason, the money keeps on flowing.
2. It’s easy to set up
Conventional banks make you jump through hoops simply to open a bank account. With Crypto wallets you can set up a BTC address in seconds, no questions asked, and with no fees payable.
3. It’s anonymous
You can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other personally identifying information. However…
4. It’s completely transparent
…bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain. The blockchain tells all.
If You have a publicly used bitcoin address, anyone can tell how many bitcoins are stored at that address. They just don’t know that it’s yours.
There are measures that people can take to make their activities more opaque on the bitcoin network, though, such as not using the same bitcoin addresses consistently, and not transferring lots of bitcoin to a single address.
5. Transaction fees are miniscule
Your bank may charge you a £10 fee for international transfers. BTC doesn’t.
6. It’s fast
You can send money anywhere and it will arrive minutes later, as soon as the BTC network processes the payment.
7. It’s non-repudiable
When You send BTC , there’s no possibility getting them back, unless the recipient returns them to you.
Bitcoins -Beginner’s Guide
The first thing you’ll need is wallet.I personally recomend Blockchain and Payza most popullar and trusted BTC wallets…
when You already have a wallet, you can easy start collecting BTC from this websaits: