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Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, so-called because it usescryptography to control the creation and transfer of money. Conventionally "Bitcoin" capitalized refers to the technology and network whereas "bitcoins" lowercase refers to the currency itself. Bitcoins are created by a process called mining in which participants verify and record payments in exchange for transaction fees and newly minted bitcoins. Users send and receive bitcoins using client software on a personal computer, mobile device or web application. Bitcoins can be obtained by mining or in exchange for products, services, or other currencies
http://www.apsense.com/article/earn-in-bitcoin-ptc.html
Jul 1st 2016 09:37