04 Nov '12, 8pm
Crypto-Curency: Bitcoin is a decentralized digital currency created by the pseudonymous entity Satoshi Nak... #call
Bitcoin is a decentralized digital currency created by the pseudonymous entity Satoshi Nakamoto. It is subdivided into 100-million smaller units called satoshis. It is the most widely used alternative currency,with the total money supply valued at over 100 million US dollars. Bitcoin has no central issuer; instead, the peer-to-peer network regulates Bitcoins’ balances, transactions and issuance according to consensus in network software. Bitcoins are issued to various nodes that verify transactions through computing power; it is established that there will be a limited and scheduled release of no more than 21 million coins, which will be fully issued by the year 2140. Bitcoin is administered through a decentralized peer-to-peer network. Cryptographic technologies and the peer-to-peer network of computing power enables users to make and verify irreversible, instant online B...