Now practically each Internet user at least heard once about existence of bitcoin technology, but only units managed to understand its essence and, especially, to earn from it. That to understand everything, it is necessary to use simpler explanation.
As there was a bitcoin
The bitcoin simple words represents so-called cryptocurrency. You should not confuse it with the virtual payment service providers, such as Webmoney, Paypal, etc. providing to users of the Internet account (like bank) to which it is possible to transfer normal money. The cryptocurrency works on Blockchain technology, and in fact one bitcoin represents the block of storage of details, including various transactions, transactions and contracts. Data are subject to also digital converting:
- about the rights for property;
- about the issued credits;
- about administrative penalties;
- about the social status, etc.
Actually here it is possible to carry any confidential information. At the same time the information register is not in one specific place, and is distributed among dozens, hundreds and thousands of computers worldwide.
It is precisely unknown who is a creator of cryptocurrency actually. A certain hacker under an assumed name Satoshi of Nakamoto in 2009 made it. It is considered that it was a peculiar answer to the states which wallowed in financial crisis. Creators decided that information blocks, that is bitcoins which are formed due to computing power of a set of computers can be used as means of payment for different goods and services.
How to receive bitcoin
So, the complete block in the system of calculations corresponds to one bitcoin. Commission of calculations, necessary for forming of the block, is called mining. For this purpose it is enough to connect any computer (the truth, it should have one or several powerful graphic professors) to the general set of the machines conducting hashing (creation of a chain of blocks). Each new block created by means of mining can be converted practically into any currency by means of special online sites, or is resold through the financial exchanges.
To miners, that is getters of cryptocurrency, it is necessary to conduct the real fight among themselves as creation of each new block in a chain becomes harder and harder process. For this purpose creation of a peculiar computer farm on the basis of the powerful computing adapters connected among themselves and connected to the effective cooling system is required. The rate of bitcoin and other cryptocurrencies grows in dependence on complexity of their production. Therefore the exchange cheyndzh based on rate fluctuation – one more popular way of earnings in network with use of cryptocurrency.
For today on the basis of Blockchain in addition to Bitkoin it was offered many other developments providing creation and application of digital registers. Treat them:
- Etherium;
- Litecoin;
- Dogecoin;
- Monero;
- Ripple and some other.