Bitcoins are a electronic forex created in 2001 by Satoshi Nakamoto. It is primarily based on open source software and P2P networks with no central authority or issuers. The cash are saved on your pc in a wallet file or in a third party wallet. They can be exchanged between anyone with a Bitcoins address. The database of transactions is spread throughout a peer to peer community. They also use electronic signatures to make sure they are only invested as soon as and by the person who owns them.
Once you have sent your money by your selected technique the exchanger converts it to whichever e-forex you have determined to use and places it in the account you have offered them. Remember that all exchangers cost a fee to do the conversion for you.
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Examiner.com caught up with Jered Kenna, CEO of Tradehill, the 2nd largest exchange system for bitcoins following Mt. Gox, prior to it had to shut down last year due to a payment dispute with startup Dwolla. Tradehill relaunched successfully in March with a new B2B services, Primary, seed expense, and a new group.
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Whether you think totally free bitcoins are the money of the future or even a passing gimmick, you can not deny that some individuals have currently produced hundreds of thousands. So with the drawing card of “easy” money comes criminal offense. And the crime is getting larger and much more advanced.
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