Bitcoin or cryptocurrency — what is it
Bitcoin (BitCoin) is a universal electronic currency of the new generation, designed to make online payments from hand to hand. The idea of bitcoin is revolutionary in concept because it is the first cryptocurrency in the world designed to destroy in online payments the presence of a third party. Bitcoins are transferred from one user to another, without attracting financial institutions, thus, the turnover of the users are known only to them. Despite its novelty, the system has several degrees of protection, allowing to reduce to zero cases of fraud and theft. The whole Bitcoin network has no Central server, each user has its own client and this completes the software of bitcoin. All transactions in the system are open and available simultaneously to all users on the system. The openness of the system and operations in the system one of the ways to protect it from foreign control. This does not mean that any user has access to the account status of other users, the system encrypts carefully owners operations. Many companies accept payments online, have already begun to accept Bitcoin as a payment currency. They are joined by major players. So, Microsoft now accepts Bitcoin as one of payment options on their platforms. At the moment Bitcoin payments available to registered users. Credited digital currency account allows you to buy digital content. Information was also confirmed by representatives of the Bit of Pay — the world's largest payment system, responsible for the technical side of payments. Representatives of the company inform us about her plans to make an official report on the subject in which intend to provide additional details. A new service from Microsoft is now available only for US customers and includes the sales platform, Windows, WindowsPhone and Xbox (including games, Xbox music and video). Now Microsoft available manual, which explains how to make payments with bitcoins and Fund your account on the platform. Microsoft is a giant market of information technologies. The most popular products of the company, we can include operating systems family of Windows and office package from the Microsoft Office, which is now equipped with the absolute most work computers around the world. Microsoft is also the manufacturer of known Xbox. The Corporation employs about 100,000 workers. Its revenues in 2014 exceeded 77 billion dollars.This is undoubtedly one of the most important events in the history of Bitcoin! Now it's a respected currency, which is considered the largest players in the market. It can be expected that for example Microsoft will be followed by other corporations.