What Is Satoshi ?
Most cryptocurrencies are measured in reference to the value to that
of Bitcoins. However, the value of many alternative crypto-coins is tiny
when compared to the very expensive Bitcoin. Therefore, a common
measurement unit is the Satoshi which is 100,000,000th of a Bitcoin.
Bitcoin is the reference coin and current foundation of
cryptocurrency. This alternative currency is established enough now that
it can be bought for fiat (or cash) through many options. Many [...]
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Monday, June 15, 2015
Monday, June 8, 2015
What is Bitcoin?
What is Bitcoin?
Bitcoin is a payment system introduced as open-source software
in 2009 by developer Satoshi Nakamoto.
The payments in the system are recorded in a public ledger using
its own unit of account, which is also called bitcoin.
Payments work peer-to-peer without a central repository or
single administrator, which has led the US Treasury to call bitcoin a
decentralized virtual currency.
Although its status as a currency is disputed, media reports
often [...]
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