The complete guide to understanding and Bitcoin for beginners!

What is Bitcoin?

Bitcoin is a digital currency that are not regulated by the State and/or any institution. Bitcoin is a digital currency that can be sent over the internet.

Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto. The name is also associated with open source software he designed, and also use the peer-to-peer or centralized storage without a single administrator where the United States Treasury Department calls a bitcoin eyes money is decentralized. Unlike currencies in General, bitcoin is independent with trust the Publisher.

Bitcoin using a distributed database and spread to the nodes of a P2P network to the journal transaction, and uses cryptography to provide basic security functions, such as ensuring that bitcoin-bitcoin only can be spent by people having it, and never can be done more than once.

The design of the Bitcoin allows for ownership without an identity (anonymous) and the transfer of wealth. Bitcoin-bitcoin can be stored on a personal computer in a format file or stored by the wallet a wallet service to third parties, and in spite of all that Bitcoin-bitcoin can be send via the internet to anyone that has an address Bitcoin. Topology of peer-to-peer bitcoin and lack of a single administration makes it impossible for any Government, authority, to manipulate the value of bitcoin-bitcoin or cause inflation by producing more bitcoin.

Bitcoin is one of the first implementations of the so called cryptocurrency, was first described in by Wei Dai in 1998 in the cypherpunks mailing list.
Source: wikipedia

Who is the maker of the Bitcoin?

To date there has been no definite information as to who the actual manufacturer of the Bitcoin. However, the algorithm used in the Bitcoin is developed by a group of a group by the name of the alias "Satoshi Nakamoto". The Group also released a journal that describes the cryptographic algorithms. Later in the year 2009, for the first time they introduced a system of networks and cryptocurrency Bitcoin.

What are the advantages of Bitcoin?

Some of the excess of which can be sent to Bitcoin anywhere via the internet without going through a bank or institution of the sender. Can be used in any country and cannot be frozen. Bitcoin transactions are conducted as well as unconditional and no limit transfer.

In addition excess Bitcoin is we can monitor all transactions that occur. For example, transactions made the website Wikileaks. Through the website Blockchain we can check anywhere from Wikileaks gets the sender's identity and the Bitcoin submissions such as address Bitcoin and transaction amount sent.

Example of using Bitcoin?

Bitcoin already adopted by many quarters, most of which are e-commerce website. There are some Bitpremier who sell luxury goods. In Indonesia itself particularly Bali, some hotels and one co-working space i.e. HUBUD already adopted Bitcoin as payment.

The exchange rate of Bitcoin how ya?

Bitcoin can be exchanged with the official currency. In Indonesia itself there is a Indodax.com that is the website a Bitcoin exchange serving the currency rupiah.
The exchange rate of rupiah to 1 current Bitcoin (05:24 GMT, June 22, 2017) was Rp. 37,207,200.

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