Bitcoin is a math-based open-source digital ownership transfer protocol. Bitcoin is neither currency nor money; Bitcoin is Technology™ The Bitcoin network (a.k.a. the blockchain) is a globally-distributed digital ledger system designed, developed, and run entirely by volunteers. Individual bitcoins (with a lowercase b) are the internationally recognized energy-backed individual units of account within that ledger system. Bitcoin does for money what email did for written communication. Using an ingenious blend of cryptography and peer-to-peer networking, Bitcoin technology allows for near-instantaneous transfer of ownership over the Internet, securely, in any quantity, for less than $0.01 CAD in fees without relying on any middle-men (e.g. banks). Bitcoin allows for democratic permissionless financial innovation. bitcoinhouse/
Posted on: Sat, 17 Jan 2015 07:51:13 +0000
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