License: Freeware
Downloads: 229
Op. System: Windows
Last updated: 2012-05-18
File size: 8.79 MB
Publisher: Satoshi Nakamoto
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Editor's review Bitcoin

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Bitcoin is an altenative a cash system that is done electronically. Unlike the conventional cash system, Bitcoin is a peer-to –peer electronic cash system that has no central authority or trusted third parties. This electronic cash system work in a very simple way. Users of the system holds a crypto key to their money(bitcoins) which allows them to transact directly with each other through a network which is meant to check for double spending. Transaction are designed in a way that make it impossible to reverse Bitcoin are easily send through the internet eliminating the needs for middlemen. With bitcoins you will always stay safe from instabilities casused by fractional reserve banking and central banks. The limited inflation experienced in the bitcoin system is evenly distributed throughout the network by the CPU power. Unlike the conventional cash system Bitcoin is a decentralised cash system that benefits the user in many ways.

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