About Bitcoin
Is it Money?
Bitcoin is an electronical money unit that it never can be print or visually visible. It is a digital currency money that you can buy and sell in Bitcoin Market.
Bitcoin is a money unit but it is not printed, like the other moneys as
dollar, euro or pound. Bitcoin is used electronically and no one take the control of it. In short, bitcoin is a digital currency.
You can monitor realtime bitcoin prices at
live bitcoin price.
It is a payment system based on digital currency.
Bitcoin Mechanism:
Bitcoin works behind a new technology based on digital money. It works as a mobile app that you can send and receive data. Just like that, if you have a bitcoin wallet, you can send
BTC and receive BTC both. It is a digital wallet that you may pay with your
bitcoins when you get a service.
It works systematically with transactions as banks. Bitcoin network shares a public method (ledger: Block Chain).The chain contains all transaction processes which happened already. This ledger provides a permition to an user's computer to verify the validity of a transaction. Each transactions are protected by digital signatures corresponding to the "Sender Adress". The system provides that an user can control btc wallet to send bitcoins from his wallet.
Bitcoin Owners: No one controls the Bitcoin Network. It is a technology like cloud, emails, apps, etc. All bitcoin users control the network around the world.
Bitcoin Market: Economy markets are not open for all day but
bitcoin markets are open 24-hour in 7 days.
Price of Bitcoin may change in each second. You can
exchange your bitcoins in 24/7.
