Bitcoin is really a phenomenal currency. Because it had recorded the price per chip had reached 300,000 dollars Wah worth of luxury homes. But do you know what is Bitcoin?
Do not just know Bitcoin is expensive and seductive, you also have to know what kind of technology tablet is Bitcoin. if curious refer to the following full explanation:
History of Bitcoin
Bitcoin first came out in general in January 2009, hosted by Satoshi Nakamoto with the title of his scientific work "Bitcoin: A Peer-to-Peer Electronic Cash System". Satoshi Nakamoto himself is not a person's name, but an ID in an organizational forum that studies peer-to-peer technology. Some say that the owner of ID Satoshi Nakamoto is Dorian Nakamoto, but some say he is Charlie Lee the creator of Litecoin. But the fact is, NO KNOW! Bitcoin's first transaction was made by Satoshi Nakamoto to a programmer named Hal Finney, which amounted to 10 Bitcoin. Then after that in 2010, Satoshi Nakamoto stopped developing Bitcoin and handed it over to Gavin Andresen who is currently the chief developer at Bitcoin Foundation. Bitcoin's price was very cheap, 10 thousand Bitcoin for 2 pieces of Papa John's pizza. Interestingly Satoshi Nakamoto was pocketed 1 million Bitcoin loh. Where the current value can make you rich.
Bitcoin Technology
Bitcoin uses a technology called Blockchain that is processed in a peer-to-peer and non-centralized manner (Decentralize). This makes Bitcoin usable for sending money from one pocket to another through the internet without any third party interference. What is Bitcoin Blockchain itself is a complex set of number blocks that are bound between one block and another block. Also secured with SHA2 algorithm. This makes it very safe because if there is an attacking hacker, it must change at least 51% of all bound blocks. But in today's era, Bitcoin technology can be said to be out of date. Proven with Bitcoin problems that continue to appear associated with scalability. There are at least 200,000 transactions that can not be processed by Blockchain Bitcoin technology. This Bitcoin problem caused a split from the development of Bitcoin technology itself. In the end produce the name Bitcoin Cash, then Bitcoin Gold, and forwards there is Bitcoin Platinum and many more. But it seems this problem does not make the popularity of Bitcoin dimmed, proved the price actually continued to jump sharply and become OLD BUT GOLD.