Topic: learn about bitcoin (Read 98 times)

hi everyone i'm a new member in this forum and also a little bit new in crypto currencys, so i have beeing putting all of  my time in searching and learning about crypto, specially bitcoin so here's a conclusion that i hope it can help you :

what is bitCoin ?

BitCoin is a university network that offers a new payment system and full electronic money. Bitcoin is the first peer-to-peer decentralized payment network that is fully managed by its users without any central authority or intermediaries. From the point of view of the user, bitcoin can be closely likened to the currency of the Internet. can also be considered the most prominent tripartite notebook system in existence.
Who created BitCoin?
BitCoin is the first application of a concept called "cryptocurrency" or encrypted currency, which was first talked about in 1998 by Wei Dai in the mailing list of cypherpunks, the author's idea was centered around a new form of money that relied on encryption to control its creation and handling , A substitute for central authority. The first application  and confirmation of the principle was published in 2009 on a mailing list for encryption by Satoshi Nakamoto. "Satoshi" left the project in 2010 without explaining anything. The development of the bitcoin community are getting bigger and bigger with time.

The issue of secrecy over the real Satoshi character often highlights unfair doubts, many of which are linked to the misunderstanding of the open source nature of the bitcoin judgment. The protocol and the bitcoin program are open and any developer around the world can access the source code and make a modified version of the Bitcuin program. Just like the current programmers, Satoshi 's influence was limited by the changes he made and adopted by others. Satoshi does not control bitcoin! In the same vein, the identity of the inventor of BitCoin is likely to remain as the identity of the inventor of paper!

Who controls and manages the BitCoin network ?

No one has a BitCoin network just like no one has the email technology. BitCoin is  controlled by all Bitcoin users from all over the world. As developers improve the  program , they can not enforce a change in the Bitcoin protocol because all users have the freedom to choose which program and version they can use. In order to stay in harmony with each other, all users need to use programs that are in line with the same rules. BitCoin can work well only when there is consensus and integration among all users. Therefore, all users  and developers have the ability and motivation to adopt and protect this consensus.

How does BitCoin work ?

From the point of view of the user, the bitcoin is nothing more than a mobile program or a computer program that provides a personal coin purse and allows the user to send and receive the coins using it. This is how Bitcoin works for most users.

 the Bitcoin network shares a common bridge called the "block chain" . The bridge contains every transaction that was sent one day, allowing each user's computer to verify the validity of each transaction. The validity of each transaction is protected by an electronic signature that corresponds to the sender's address, allowing all users to fully control the sending of the Coin Currencies through their Coin Curves. In addition, anyone can complete transactions using the computing power of specialized hardware and win prizes for their services. This is called "mining" . To learn more about BitCoin, you can see how BitCoin works .

Is The BitCoin Really Used By People ?

Yes, there are a growing number of businesses and people using BitCoin. This includes  many diverse businesses such as restaurants, real estate, legal institutions, and famous Internet services such as Namecheap, WordPress, Reddit and Flattr. bitcoin is still a relatively new thing, it is growing rapidly. At the end of August 2013, the total value of available Coin Currencies for trading exceeded $ 1.5 billion with millions of Currencies being traded daily  .