27 Aug '12, 6pm

Sending and Receiving Money With Bitcoin: The bitcoin system is one of the first types of crypto-currency which has...

The bitcoin system is one of the first types of crypto-currency which has existed in the market since January 2009. What makes bitcoin different from regular currencies is the fact that bitcoin uses cryptography to monitor and control the creation and transfer of the currency between different parties. Bitcoins are generated over time at a diminishing rate, and the maximum amount of bitcoins in the market at one time is 21 million units. The usage of bitcoin eliminates the need of a third party when it comes to completing online transactions. What makes bitcoin different from other online currency systems like Paypal is that the currency is decentralized. This means that no group or organization has a control over it. This is unlike real currency that is monitored by central authorities. Real currency is controlled in terms of the printing and distribution of coins and not...

Full article: http://anarticle.ca/finance/89537-sending-and-receiving-m...

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The topic or board you are looking for appears to be either missing or off limits to you.

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americanbanker.com 29 Aug '12, 6pm

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