BITCOINS

The Bitcoin is a virtual currency, but you can use to buy real objects, such as cars or food. Anyone can create, and it is not subject to the supervision of banks.

This news is bound to develop and to become important for each of us.

Bitcoin is an electronic currency and it was born in 2009. The nickname of its inventor is Satoshi Nakamoto, but his true identity is unknown .
The creation and exchange of this currency is via the peer-to-peer protocol . Its value fluctuates. In May 2012, for example, a Bitcoin worth $ 2 , while today it is more than 175 .

With this virtual money you can buy real assets, but you can sell it for cash flow (euro or dollar, for example).

The ability to coin new Bitcoin is not infinite. Indeed, there is a definite limit, which is 21 million units. The availability of new coins , as we read on Wikipedia, "grows as a geometric series every four years; was generated in 2013 will be half of the possible coins and by 2017 three-quarters ." The figure of 21 million Bitcoins are generated will be reached in 2140.

In any Bitcoin it is written whoever owns it. This way you can spend it only once, a system to prevent fraud. The database of who owns every Bitcoin is divided between those who form the P2P network .

There is, at least for now, no law prohibiting this type of currency. Besides his lack of localization and the use of a P2P network as circuit makes regulation and control almost impossible.

It is said that the use of Bitcoin provides anonymity. This is partially true. Transactions each Bitcoin address, as we read on the official website, are public and preserved forever in the network. In other words, the activities of each Bitcoin address can be accessed by anyone. The name of the holder, however, is not in any way evincibile until he himself is to reveal in the course of a transaction.

For this reason, the creators of the virtual currency Bitcoin recommend to create a new address each time you receive money, especially when it comes to transactions conducted through the site, which is public.

How to create and spend your Bitcoin

1: Create a Wallet

The first thing is to download the client, your virtual wallet (in fact , Wallet) by which you can keep and spend the money that you generate or that you'll be given . It is available for PC, Mac and Linux). You can also manage your portfolios via Android smartphones, a convenient way to pay for virtual currency also in traditional stores .

Opening the wallet on the interface you'll see an alphanumeric code, which is your first address Bitcoin (Bitcoin address, to 34 alphanumeric characters) . It is important not to lose this number: copy it in a safe place. If you lose it, your Bitcoin contained in it will be lost forever, and disappear from the network .

An important point: the Bitcoin address (Bitcoin address) and wallet (portfolio) are not the same thing. The first is a unique code, and you can generate as many as they want, based on recommended practices of behavior we mentioned in the first paragraph of this article. The second, the wallet is a wallet that you can assign all kinds Bitcoin address that, and then you end up all the money you receive on those addresses.

2: Generate Bitcoin (Mining)

The first thing to do is to get you Monente join a pool . A Pool is a kind of consortium , to which every person " gives " a part of the resources of your computer to perform extremely complex calculations . More precisely , to solve the ciphers . In the Internet there are many of these groups, to which you can easily merge .

But this provision of resources, as it happens ? Is simple. Once you 're associated with a pool and you will have created your personal account, you can download a small program in Java . When running it, part of the computing resources of your computer will be made ​​available to the group. Thanks to this union of forces, encryptions are resolved more easily. A single PC, in fact, would not be able to complete the task .Whenever a Pool found a solution to encryption, the system gives one or more packages of 50 Bitcoin, and virtual coins are distributed among all members according to the contribution of resources given .