“Bitcoin takes the basic theorem that anything that be done with a trusted authority can be done without a trusted authority and applies the theorem to the combined fields of cryptography and currency, which is now known as cryptocurrency. Bitcoin is the most popular cryptocurrency that exists today. Bitcoin is a free open source peer-to-peer electronic cash system that is completely decentralized, without the need for a central server or trusted parties. Users hold the crypto keys to their own money and transact directly with each other, with the help of a P2P network to check for double-spending.”
http://www.survivalblog.com/2013/01/the-case-for-the-bitcoin-cryptocurrency-by-j-mcg.html
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
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