Bitcoin invented by Satoshi Nakomoto in the 2009. Bitcoin created as fully independent and open-source payment network. Bitcoin network uses peer-to-peer technology to operate without any central authority or banks. Transactions processing and the issuing of new bitcoins is internal process within the bitcoin network. Nobody owns or controls Bitcoin network and everyone in the world can take part. Bitcoin create new possibilities that could not be covered by any previous electronic payment system.
Main bitcoin advantages and features
- Bitcoin network works everywhere and anytime
- Bitcoin payment transactions secure by design
- You have full control over your money and transactions fees
- International transactions very fast and cheap
- You can effectively protect your identity
- Bitcoin already integrated with mobile payments