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Arbitrage.is Review - Bitcoin, what is it?

Arbitrage.is defines here about Bitcoin and what is it in this document?

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Arbitrage.is Review - Bitcoin, what is it?

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  1. Bitcoin, what is it? Arbitrage.is Review

  2. Bitcoin, what is it? • Bitcoin is a form of digital currency. • No one controls it, it is a decentralized currency, which means that no big bank or institution can get a hold of your money. • It is the very first form of a growing category of money called cryptocurrency, created in 2009. • The inventor of Bitcoin is anonymous, but he goes as Satoshi Nakamoto, which is not his real name. • Bitcoins are stored in a personal online wallet that cannot be frozen by anyone.

  3. Other crypto currencies and value per coin • Bitcoin : 1 BTC = 1622 $CAD • Litecoin : 1 LTC = 5.16 $CAD • Ethereum : 1 ETH = 32.05 $CAD

  4. Value of Bitcoin since its creation (2009-2017)

  5. How are Bitcoins generated? • Bitcoins aren't controlled or printed by the big banks. • They are created digitally by a large community of ordinary people, also, anyone can join. • *Bitcoins are 'mined' with computers, solving various mathematical equations over the web.

  6. Bitcoin mining is quite hard to understand and very complicated to explain. How does bitcoin mining work?

  7. Pros and cons of using Bitcoin CONS PROS • Independent currency (account cannot be frozen) • Unstable value (bitcoin currency can increase or decrease drastically) • Little to no transaction fees (perfect for sending money overseas or travelling) • Volatile market (unpredictable) • Secure transactions (encrypted) • Not widely accepted (for now...) • Unlimited transfers and amount can be sent • Payments are irreversible (no money back guarantee!) • It's essentially anonymous*

  8. Thank you for listening Share with the world! Our website : https://arbitrage.is

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