(Coin)

  It's not a real coin, it's "cryptocurrency," a digital kind of settlement that is generated (" extracted") by lots of people worldwide. It enables peer-to-peer purchases instantly, around the world, completely free or at really affordable. Bitcoin was designed after decades of research right into cryptography by software developer, Satoshi Nakamoto (believed to be a pseudonym), that developed the algorithm and also introduced it in 2009. His real identification remains a secret. This money is not backed by a concrete product (such as silver or gold); bitcoins are traded online that makes them a product in themselves. Bitcoin is an open-source product, obtainable by any individual that is a user. All you need is an email address, Internet accessibility, and money to get started. Where does it come from? Bitcoin is extracted on a dispersed local area network of customers running specialized software; the network resolves certain mathematical pr