What is Bitcoin?
Bitcoin is a digital currency invented by an unknown person or group of people under the name Satoshi Nakamoto.
Unlike most currencies, Bitcoin does not rely on a central issuer, like a bank or government. Bitcoin uses a distributed database across a peer-to-peer computer network to record transactions, and uses cryptography to provide basic security functions, such as ensuring that bitcoins can only be spent once, and only by the person who owns them.
Bitcoin's design allows for anonymous ownership and transfers of value. Bitcoins can be saved on a personal computer in the form of a wallet file or kept with a third party wallet service, and in either case Bitcoins can be sent over the Internet to anyone with a Bitcoin address. Bitcoin's peer-to-peer topology and lack of central administration make it impossible for any government or other authority to change the value of bitcoins or induce inflation by producing more of them.
What is Bitcoin Cash?
Bitcoin Cash is a different version of Bitcoin which allows for cheaper transactions by raising the block size limit. The block size limit dictates how many transactions the network processes every 10 minutes. You can read more about Bitcoin Cash here.[www.bitcoin.com]
Some of the things available to you through this Steam group:
- Giveaways of new and interesting games are done on a regular basis. Be sure to join the group to participate and receive notifications! Click here for current giveaways.
- A place to discuss the world of bitcoin. Talk about price, new technology, or anything else your heart desires. Discussions can be found here
- Looking to trade your stuff for bitcoins, or other cryptocurrencies? Visit the trading section.
Inquiries: [email protected]What is Bitcoin?What is Bitcoin Cash?[www.bitcoin.com]