BITCOIN.docx - 1 BITCOIN BITCOIN NAME OF STUDENT INSTITUTIONAL AFFILIATION 2 BITCOIN Bitcoin is a digital asset and a payment system invented by Satoshi

BITCOIN.docx - 1 BITCOIN BITCOIN NAME OF STUDENT...

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1 BITCOIN BITCOIN NAME OF STUDENT INSTITUTIONAL AFFILIATION
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2 BITCOIN Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto, who published the invention in 2008 and released it as open source software in 2009.The system is peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network codes and recorded in a public distributed ledger called block chain. In production it can be minted by anyone in the general public who has a strong computer. Its mining consist of involving commanding your home computer to work around the clock to solve computationally-intensive math problems. Since they are similar to gold mining in that the bitcoins exist in the underground just as the gold exists underground , but they haven't been brought out into the light. The ledger uses bitcoin as a unit of account ;works without a central repository or single administrator which has led the united states treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin are
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  • Summer '17
  • DAMIANSMART
  • Credit card, Bitcoins

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