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What’s Bitcoin

Understand how cryptocurrencies came about.

 In recent years a new type of currency has emerged, in addition to the press currency we use in our daily lives, the evolution of technology has brought a new type of currency, called cryptocurrencies, or digital currencies.

 And bitcoin is a cryptocurrency.

 What is a cryptocurrency?
 Cryptocurrencies are digital / virtual currencies.  Cryptocurrencies use encryption to maintain security, as press coins also have hidden serial numbers or stripes to prevent counterfeiting and use codes that are very difficult to break, one of the most attractive features of cryptocurrencies is security.

 What is Bitcoin?
 Bitcoin is a digital currency that was created in 2009 by an unknown programmer named Satoshi Nakamoto, some people say he is a high-ranking official at one of Europe's biggest banks, but his true identity is not yet known.  .

 Like every currency, Bitcoin is divided into units, named after Satoshi, the maximum being 1 million Satoshi, which corresponds to 1 Bitcoin and can be represented as 1.00000000 Satoshi, eight zeros after 1.

 Why should I invest and where can I use Bitcoins?
 More merchants are starting to accept them: for example, you can buy web hosting services using Bitcoins, some universities like American- Draper University, accept payments on Bitcoin.

 How to have Bitcoins?
 Bitcoins are made by high performance computers, the name given to the process of creating bitcoins is mining.  These are computers that consume a lot of energy and at the end of the month you have a small amount, but with a very high energy bill.

 That's what mining companies are for.  There are many mining companies, but many of them avoid countries like ours because they would have a very high cost for energy spent creating Bitcoins, these companies use very expensive and sophisticated machines to mine Bitcoins, they prefer countries where they can pay little for the energy used and  many of them use clean energy, some even use clean energy at 100℅.  Soon we will talk about the best Bitcoins mining companies.

 Soon I will also do several faucet and mining tutorials that give Bitcoins for free, yes it is possible to have Bitcoins for free.

 You can purchase Credit Card, Visa or MasterCard Bitcoins from sites like localbitcoins,

 To have Bitcoins you need to create a wallet, such as a bank account, where you will receive and send your Bitcoins.  Soon I will make a tutorial on how to create a portfolio of Bitcoins.

 Learn how to create a wallet to receive your Bitcoins.

 How are transactions made?

 Transactions are made without the intervention of men - which means, without banks!  There are no transaction fees and it is all done anonymously, meaning you do not need to disclose your name during a transaction.

 Bitcoins may be used to purchase goods anonymously.  Also, international payments are easy and cheap because bitcoins are not tied to any country or are subject to regulation.  Small businesses may like them because there are no credit card fees.  Some people just buy bitcoins as an investment in the hope that they will increase in value.

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