How Bitcoins Work? | 1MinuteDoc

A bitcoin is a crypto currency, a sequence of digital numbers.

You can exchange bitcoins with software called a bitcoin client.

The value of a bitcoin derives from the faith that people have in the currency and what they can procure with it.

The bitcoin system is a so called peer-to-peer system, meaning that transactions take place directly between two accounts without the interference of a bank or government.

But who controls the system?

Well... the bitcoin users do. They can validate...

View more

From: 1MinuteDoc

Related topics : bitcoin digital currency exchange / bitcoin exchange value / bitcoin banking system / bitcoin client path