Bitcoin, and in another way it is called "cryptocurrency" or digital currency. It is a peer-to-peer electronic payment system. In principle, there is no main, central bank in it. And the network works at the expense of the infrastructure of user computers, each of which is endowed with the same rights. The network has already expanded across the planet. And the number of participants is not limited. Anyone can join or leave this system when they need it.
Bitcoin works like the well-known torrents. And it depends on the clients included on the computers. For downloading and logging into the system, the user receives local currency and his personal wallet. You can store it both on a computer and online, thanks to auxiliary services. By the way, the money itself is out of control. It is impossible to determine the owner of this or that account without his desire. This is probably why this payment system is so popular among illegal citizens.
The system's monetary fund is limited and is calculated using algorithms. So, today it is twenty one million bitcoins. This ensures that the currency does not depreciate, unlike printed money. The virtual coin has been compared to gold. A stable way to store your savings. buy bitcoin is offered by many internet services, one of which is Matbi (matbea.com). This service offers services for storing bitcoins, backing up and accessing a bitcoin wallet from anywhere in the world. In addition, the service guarantees encryption of all transmitted data.
In fact, Bitcoin bills are part of a cryptographically protected code. They are easy to manage over the Internet: stored in wallets, or transferred over the network. This currency is already accepted in many retail outlets. Currency exchange offices have also begun to take an interest in cryptocurrency. And now in some countries it can be exchanged for real money without any problems. In addition, terminals for the exchange of bitcoins began to appear. They work like conventional ATMs.
The Bitcoin system, unlike similar WebMoney or PayPal, is not subject to centralized regulation. It does not require any transfer or cashing fees.
The cryptocurrency was assigned the XBT code this year. It is increasingly being used all over the world. And this, according to users, is the beginning of Bitcoin becoming the recognized world currency.
