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Bitcoin - cryptocurrency most popular in the world. This digital money, output and calculation which is based on encryption. Issue of Bitcoin is through mining. Miners using their computer processing power is added to the network and new blocks are written in the transaction data. As a reward for the database extension miners get Bitcoins. This database is called blokcheyn. The number of Bitcoins is limited - they can not be more than 21 million.
Bitcoin exchange rate is extremely volatile and is affected by many factors. For example, in 2013 it rose sharply after cryptocurrency recognized legally in the US exchange agent. The course has reached its maximum value in 1242 dollars.
Five years ago, one Bitcoin was worth about half a cent. Then an American named Laszlo ordered two pizzas for 10,000 Bitcoins (about $ 50, it was the first in the history of the exchange cryptocurrency on goods). In terms of the current exchange rate Laszlo pizza would cost $ 4.4 million.
Co-founder of Bitcoin hedge fund Global Advisors Daniel Masters believes that in 2016 cryptocurrency rate may exceed 1 000 100 dollars. By 2017 it will rise to 4 400 thousand dollars, predicts the Masters. Among the factors that contribute to the strengthening of Bitcoins - an increase in demand in China due to the weakening of the yuan and the loyalty of some of the major companies and government agencies to use virtual money in the calculations.



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What is Bitcoin?
Bitcoin is the simplest way to exchange money at very low cost.
Mobile payments made easy
Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app and let your friend scan your mobile, or touch the two phones together (using NFC radio technology).
Security and control over your money
Bitcoin transactions are secured by military grade cryptography. Nobody can charge you money or make a payment on your behalf. So long as you take the required steps to protect your wallet, Bitcoin can give you control over your money and a strong level of protection against many types of fraud.
Protect your identity
With Bitcoin, there is no credit card number that some malicious actor can collect in order to impersonate you. In fact, it is even possible to send a payment without revealing your identity, almost just like with physical money. You should however take note that some effort can be required to protect your privacy.
You can learn more about Bitcoin on the official http://bitcoin.org website