WHAT IS Bitcoin?

Bitcoin was developed in 2009 by an anonymous creator known as Satoshi Nakamoto . It is commonly called an "encrypted currency". Based on a technology known as block-chain, Bitcoin, a central authority, or a non-centralized computer network that is not controlled by the government. Working with an advanced encryption technology, Bitcoin provides secure transmission of digital money between peers. At the same time, it is very advantageous in terms of digital investments, and if necessary hardware can be gained by validating the block chain in an automated system. Another advantage for investors is that they have the ability to turn their money from crypto money to normal money when they want it.

How Bitcoin Works

It operates by recording every process in the block-chain network on all nodes of the network. A bad actor guarantees that you can not change or delete a transaction by weakening a single point of failure. At this point, the system works without any interruption or fraud. Each user in the system has a public-private encrypted key pair and uses the public keys of the users as their account number or address.

What is Bitcoin wallet?

Bitcoin wallet is the name given to the virtual file containing your personal Bitcoin addresses and their private keys. These private keys and account addresses are used to transfer crypto money. Bitcoin purses are divided into two, called hot wallet and cold wallet . Hot wallets are often used on platforms with internet access and are usually found on the market in desktop and application format. Cool wallets are designed to protect all your money without internet connection.

Who is the owner and center of Bitcoin?

Everyone is an open system, so it can not be owned by one or more people. This system is a self-sustaining system independent of any state, establishment or branch. These two features enable everyone to use the system without hindrance, bans and problems.

Who sets the price of Bitcoin?

The value is priced according to the supply and demand relationships of independent stock exchanges as it is in almost every currency. Simply put, the more you buy, the higher the price. Most of the stock exchanges are transferred to the detail market, and this information is processed by the supply-demand method, which ensures that all of the independent stock exchanges have an effect on the price of Bitcoin. Although all stock markets have an effect on the price, the price of Bitcoin on each stock market is independent of others. The reason why these independent values ​​are always close to one another is the arbitrage operations performed by the users .

Are bitcoins safe?

The value is priced according to the supply and demand relationships of independent stock exchanges as it is in almost every currency. Simply put, the more you buy, the higher the price. Most of the stock exchanges are transferred to the detail market, and this information is processed by the supply-demand method, which ensures that all of the independent stock exchanges have an effect on the price of Bitcoin. Although all stock markets have an effect on the price, the price of Bitcoin on each stock market is independent of others. The reason why these independent values ​​are always close to one another is the arbitrage operations performed by the users .