Many people represent bitcoins as electronic cryptocurrency. In fact, it's just a set of different Latin letters, numbers and other special signs. At first it is quite difficult to understand, but, nevertheless, it is so. This currency can not be touched. Of course, some coins - bitcoins have been issued (by analogy with iron rubles, cents and other national money), but it is rather an exception, a contradiction to their original essence.
Bitcoins have unique properties that can be appreciated only after a deep understanding. So, here they are.
Firstly, this currency has no issuers. This means that no one issues it - it is done automatically by the program code. The number of coins is limited to 21 million pieces, each of which can be divided up to a share with 8 digits after the decimal point. This property makes this currency non-inflationary, i.e. not losing its purchasing properties. On the contrary - as soon as the number of coins ceases to increase, the purchasing power of bitcoins will begin to grow.
Secondly, no one will be able to interrupt cash transactions - neither law enforcement agencies nor international structures. The only way is to exclude access to the Internet (but this is utopia)
Thirdly, it is absolutely anonymous transfers with one paradoxical parameter – data about the transfers are freely available on the network and are not even encrypted. That's just the problem (for competent government agencies) that the information about transactions is a set of different lengths of letters, numbers and special signs, and also the amount of the transfer, in fact, the useless information. These properties are already enough to gain unprecedented recognition from many users in the worldwide virtual network.
Among the advantages of bitcoins can be attributed all of the above opportunities, but it is worth adding one more - this currency is constantly growing in price, and therefore, it can get profit to its holders, under certain circumstances but only after implementation. By the way, today bitcoins can be exchanged completely legal and freely for both virtual currencies and cash in any country in the world. For 8 years, the cost of bitcoin (exist since 2009) has increased from a few cents to $ 1,800 (the end of April 2017) – it’s the phenomenal growth.
Bitcoin is limited in its release by the program code - the maximum number of coins will be (according to forecasts by 2140) 21 million pieces. Bitcoins can both be bought for cash money and earned. The last process is called mining, which can be either individual or group. The term - mining - from the English. mining. It is translated as "development", in other words - extraction, earning. Of course, you can ask to pay for your work with this cryptocurrency, but the true value of this process will still be to provide the capabilities of your hardware.
To earn these cryptocoins you need: PC, more or less modern hardware, access to the Internet, the availability of special software - bitcoind. Investment attractiveness of bitcoins is very high. Today they can be purchased directly from owners - companies, individuals and other users of the network, as well as their counterparts from leading electronic currencies.