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1MJ5cFwqS2ezm6m6ZCDxqGzVn95zQTvKYj1 satoshi2021-10-18 15:38:28
148hCosri8fAKkjofbBqMgR7gBSchjhiz11 satoshi2021-10-18 05:13:24
D8QjTY8ibssxz16cF3zHsFxp95XxieMipq1 satoshi2021-10-12 23:59:11
D8QjTY8ibssxz16cF3zHsFxp95XxieMipq1 satoshi2021-10-12 18:56:40
D8QjTY8ibssxz16cF3zHsFxp95XxieMipq1 satoshi2021-10-12 13:42:26
D8QjTY8ibssxz16cF3zHsFxp95XxieMipq1 satoshi2021-10-11 20:59:08
1KUhrQQBqFX6fkLuNAM39zJ4AA8paj6ze21 satoshi2021-10-11 18:45:36
18QGoy9GGQ3WKYcBY3bqadGXfvDwvCQft51 satoshi2021-10-11 04:57:23
3EhJEB4h93PNv5yV8GN1FukgsBXk6m3CaE1 satoshi2021-10-10 21:28:32
18QGoy9GGQ3WKYcBY3bqadGXfvDwvCQft51 satoshi2021-10-10 06:45:37

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Introduced in global markets as an alternative to the dollar and euro, the symbol of Bitcoin is ฿ and the abbreviation is BTC. While the total value of Bitcoins in circulation was $ 1.2 billion on July 22, 2013, this value reached $ 8.2 billion on June 4, 2014. 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In fact, you can think of mining as a game of chance that you play on your computer or look for a needle made of numbers in a haystack of numbers. Assume that every search movement you make is directly proportional to your computing power. So the more processing power you put in, the more likely it is that you will find the needle in the haystack. How is Bitcoin used? For Bitcoin it is necessary to first create a virtual wallet. You can create this virtual wallet on your mobile phone, on your computer or benefit from web services on the Internet. There is no wallet limit per person. You can create as many wallets as you want. Additionally, you do not need to provide your private information for the wallet you are creating. With this virtual wallet that you are creating, you can receive, send and even shop. Technologies such as public key encryption (asymmetric encryption), point-to-point network connection and proof-of-work are used to verify payments in the Bitcoin system. Bitcoins are sent from the payment address to the recipient address, signed in encrypted form. Each transaction is announced to the network and takes its place in the blockchain. Therefore, added bitcoins cannot be used more than once. With these technologies, Bitcoin offers a fast and extremely reliable payment network that anyone can use. Is Bitcoin Safe? Bitcoin is subject to certain protocols. Every transaction you make under these protocols is encrypted. At the same time, Bitcoin inherently has a solid transaction record. The system has no security issues except in cases where your wallet password is stolen or your computer is hacked due to user error or carelessness. This is no different than if you lose your wallet or credit card or get stolen. Because of bitcoin crypto, it is not possible to spend the same money twice. The system confirms before the transaction that the money is yours and has not yet been sent to anyone else. Because of this, it is not possible to create and sell Bitcoin in an uncontrolled, fraudulent manner. Benefits of Using Bitcoin • One of the effects of inflation is the increase in the real money supply. An increase in the amount of money in circulation also increases inflation in direct proportion. However, this system does not apply to Bitcoin. Because the Bitcoin system is a system with an end. Due to its technical design, a maximum of 21 million bitcoins can be produced. Therefore, Bitcoin's risk of inflation is very low. • The collapse of real currencies is caused by government hyperinflation. Since the Bitcoin system does not belong to any government, the risk of a crash is quite low. • For classic online transactions via payment systems such as credit card or PayPal, if viewed by the seller; If the buyer wants their money back, it is necessary to use third-party services. At this stage, security can be compromised and the event can become complex. With Bitcoin, on the other hand, there is no such security problem as there is no such system as a reclamation. • You can even carry your billions of dollars worth of bitcoins with you on a small memory card. This is almost impossible with cash or any other system. • The amount of your financial resources in your Bitcoin system or any other information about your account cannot be known or tracked by anyone, including governments. Cons of Using Bitcoin • To be undetectable means that crimes can easily be committed. Bitcoin technology creates a very suitable environment for situations like selling illegal substances like drugs. • There is no mechanism in the Bitcoin system by which you can recover lost Bitcoins or your confiscated Bitcoin wallet. The best way to avoid this is to save your bitcoins on hard drives without an internet connection. • Because of the risks involved, you cannot get your bitcoins like you would if you bought a product. There are many services to buy or sell bitcoins, but it's not that simple. Although it is evolving day by day (Bitcoin ATMs popping up), things are not as simple as they are in real currencies. • There aren't many places that the Bitcoin system is used as a payment system. Although in development, Bitcoin is currently used primarily for investment purposes. What is the current Bitcoin value? Bitcoin, the highest-volume unit in the crypto money markets, has risen again to over USD 59,000 with purchases in the markets after a sharp decline from a new high of USD 61,683.86 to USD 53,000 and is hovering at these levels.

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