The popularity of bitcoins is growing, and with it the number of areas open for payment is growing. What is Bitkoin?
Bitkoin is the latest payment system. Its creator is Satoshi Nikamoto.
The advantages of this system:
- The possibility of the same use of the system for all people, regardless of nationality and age.
- No interest charged for using the system.
- Continuous improvement of the system.
- The speed of operations. All transactions are carried out within an hour.
- The transfer of money is carried out between the participants.
Flaws:
- A small number of businesses and companies that accept bitcoin.
- A limited amount of this currency.
Mining
Mining is a way to mine bitcoins. It works like this: a lot of transactions (data sections) in blocks and keys to them are thrown onto the Internet. The miner (bitcoin miner) must select the correct turnkey transaction. As soon as he succeeds, he is credited with a certain amount of bitcoins in this transaction, and that transaction is closed.
Where can you spend your bitcoin?
- for computer games online
- purchase of various equipment
- cash deposit by mobile phone
- payment for housing and communal services
- buying clothes, shoes, food
