Bitcoin, the new-age virtual currency. It was discovered about 10 years ago by Satoshi Nakamato; However, Bitcoin is not well known at the time and is now a virtual currency that is accepted almost everywhere in the world. What is Bitcoin? How does Bitcoin make money?
What is Bitcoin? How can I make money with Bitcoin? Bitcoin how many TL? Can Bitcoin be used only on the internet? How do I get Bitcoin? How did the bitcoin come out? Is it reasonable to invest in Bitcoin? What do experts say about Bitcoin? What will be the value of Bitcoin in the next 6 months? Will it not rise or will it rise? Let us start with the reason for Bitcoin: A kind of digital currency that can be traded with every central bank, official organization, etc., where the plant is started experimentally by Satoshi Nakamoto in 008, can be transferred to third parties without intermediary institution. At global markets Bitcoin symbol is an alternative to the dollar and is the abbreviation of the euro BTC.
Question: Will Bitcoin replace paper money?
Bitcoin virtual currency; but it is argued that paper is the money for money. It is clear that there is a currency to be taken seriously; but it is a bit far from the facts to think that you want to replace paper money.
Question: How is bitcoin produced? How to earn
Bitcoin is used for mining in the production phase.
In fact, bitcoin is no longer about mining. why is it so important that it deserves a long trial? One of the most important points of what makes Bitcoin so important technology and breakthrough is the concept of proof. In this article, I will at least for the moment protect the mental health of my readers who do not want to think too much about the technical part of this subject.
It is not happiness that it is difficult and difficult. For this reason, the Bitcoin protocol was designed by Satoshi Nakamoto as a security measure. According to the headline "Bitcoin Press", this security measure (ie, difficult to provide) implements the action Amas is doing (and / or Blockchain ...).
In fact, as I mentioned above, a game of chance, called mining, is like playing with your computer or a stack of straw figures to rethink a number of needles to discover.
Let's say that every search hammer you create is directly proportional to your processor performance. In this case, the more processing power you apply to this job, the more likely you are to find a needle in a haystack.
Another analogy used for mining is to draw the majority of your computer. Despite being technically more accurate, I did not opt for a lucky winner because it brought to mind the system. The reason for drawing lots of luck, shooting, big pools and the truth of these alleged muds is the fact that only the companies (processing power) have made a great contribution to the continuous win.
BTC Knappen won 25 awards for the current conditions (the difficulty level and award for the current BTC protocol) that find this pin (ie "winner"). This number was first downloaded to 50BTC in Bitcoin and [expected to start in 2017, and the next step is reduced to 12.5BTC].
If you're here at least, you have an idea about Bitcoin Mining. But summarize; Dismantling is difficult and requires a lot of processing power, difficulty increases and rewards are reduced.
Question: How to use bitcoin?
Virtual wallet is required for bitcoin; It is easy to create. This virtual wallet can be created from your mobile phone or computer, or you can use web services over the internet. There is no money limit per person. You can create as many wallets as you want. In addition, you do not need to provide personal information for your wallet. With this virtual wallet you can make money, send money, even buy and sell.
Technologies such as public key cryptography (asymmetric cryptography), point-to-point network connectivity, and operational documents are used to verify payments in the Bitcoin system. The receivers of the Bitcoins payment are signed and sent encrypted at the recipient's address. Each process is connected to the network and placed in the block chain. For this reason, inserted bit conversions can not be used more than once. Bitcoin is using these technologies to provide a fast and reliable payment network that everyone can use.
Question: How reliable is Bitcoin?
Bitcoin is subject to some protocols. Each transaction you perform under these protocols is encrypted. At the same time, Bitcoin's structure provides robust transaction log storage. Except for user error or carelessness, there are no security issues in the system: for example, if your wallet is cracked or your computer is attacked. This is nothing but losing your wallet, your credit card or your bell. It is not possible to spend the same money twice in the same way as the Bitcoin encryption system. It confirms that the system is owned by you and is not yet sent to anyone else. For this reason, it is not possible to create and sell Bitcoin by fraud.
Bitcoin USE ADVANTAGES
Inflation risk is low: One of the inflationary effects is the increase in real money in circulation. The increase in the money supply increases the inflation rate in a direct relationship. However, this system does not apply to Bitcoin. Because the Bitcoin system is the final result. With the technical design, a maximum of 21 million bits of rapid progress can be produced. For this reason the risk of inflating Bitcoin is very low.
The risk of collapse is low: collapse of real currencies is due to government-related hyperinflation. Since the bitcoin system is not associated with a government, the risk of collapse is relatively low.
Safe, easy, and inexpensive: When you search for classic online transactions using payment systems such as merchant credit card or PayPal; If the buyer wants to withdraw money, it is necessary to use third party services. In this phase, security can be dangerous and the situation can become complicated. Bitcoin does not have such a security problem because it does not have a back demand system. Even if it is controlled by the buyer; Payments and transfers between accounts become safer and cheaper. Bitcoin technology is a peer-to-peer (P2P) system; ie it works directly between couples without intermediaries.
Easy to carry: You can even carry billions of dollars of herbal soap on a small memory card. I think it is impossible to do this with cash or any other system.
Traceability is not possible: Bitcoins are not traceable and there are some disadvantages and advantages to not leaving the trace. For example, how much of your financial resources are on your Bitcoin system, or other information about your account, can not be recognized or monitored by anyone, including governments. For this reason, the government prevents you from ignoring your financial resources (taxes).
BITCOIN USE DISADVANTAGES
Traceability: This property that Bitcoin is talking about can turn into disadvantages, even dangerous situations. The impossibility of permissive means that offenses can be handled easily. Bitcoin technology creates a favorable environment for the sale of illicit materials such as drugs. This is the main reason why some governments should not accept Bitcoin as currency.
You lose easily: If you lose your credit card and your bank account is taken over by someone else, you can call your bank immediately and get it back. Even if you do not have enough, you can use the police and you can get rid of your loss. But the same is true for Bitcoin. Bitcoin system; There is no mechanism to get back the plants we lost, the bit trapped in the middle is the wallet. The best way to prevent this is to keep hackers on hard drives that are not connected to the Internet.
Buying and selling is difficult: You can not buy bitches as a product because the risk is over. There are many services to buy or sell a bitch, but it is not easy to get. With each passing day being developed (Bitcoin ATMs started to open), things are not as easy as real currencies.
Still very new: The Bitcoin system was established in 2009; So, still a new technology can bring new Bitcoin competitors; Even new technologies that can find wide openings in the bitcoin system can be developed.
Free space spending: There is not much space used by the Bitcoin system as a payment system. In the development phase, however, the biggest goal is to have Bitcoin; Investments.
Variable: If you look at Bitcoin's value chart, investing in Bitcoin may be considered, but the higher the value of Bitcoin, the higher the risk of falling. For this reason, the investments made should be balanced and considerate.
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