Bitcoin is a craze that appears like it is here to stay. With many investors choosing now to get into...
LET’S TALK ABOUT BITCOINS
How does it work?
The Bitcoin protocol relies on two major technologies to ensure its security: asymmetric cryptography and a peer-to-peer network.
Fast and limitless
Payments are made in seconds, between neighbors or from one end to the other of the connected world.
Benefits of Bitcoin
The Bitcoin is both a currency and a payment system, and the most innovative way of exchanging money at little cost.
BENEFITS FOR INDIVIDUALS
By definition, the bitcoin is dematerialised. Thus, transactions, from individuals to individuals do not pass through any banking organization but remains very secure. When you use the bitcoin as currency, fees are much lower than in banks. The bitcoin being a virtual electronic currency, it has no boundary. Whether you are in China, the United States or France, you can freely carry out transactions at no cost, without worrying about currency issues. No arbitrary terms or limitations will avoid you from making a transaction. The transactions are very fast, yet a good advantage compared to banks.
BITCOIN AROUND THE WORLD
A GIANT STEP
Google had introduced its developer payment API during the summer. Now the web giant authorizes the payment method in Bitcoin via this API. This update therefore makes it possible for any person to use the famous crypto-money. The acronym “XBT” is the official three-letter code of the Bitcoin. This kind of acceptance from one of the major players of the web like Google shows perhaps the future of the currencies used as means of payment. Be ready to buy your next books in Bitcoin! Companies accepting Bitcoin as a currency are becoming more numerous today and e-merchant already accept it.
BITCOIN IN NUMBERS
12.5 bitcoins per block (approximately every ten minutes) until mid 2020, and then afterwards 6.25 bitcoins per block for 4 years until next halving. This halving continues until 2110–40, when 21 million bitcoins will have been issued.
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