Is a hidden currency and a global payment system that can be compared to other currencies such as the dollar or the euro, but with several fundamental differences, most notably that this currency is a fully electronic currency trading online only without a physical presence. [1] It is the first decentralized digital currency - a system that operates without a single central repository or manager, that is, it differs from traditional currencies with no central regulator behind it. Transactions are made to the peer-to-peer network between users directly without an intermediary through the use of encryption. These transactions are verified by holding the network and recorded in a distributed account book and a year called the series of blocks. The Pitcuin invented an unknown person or a group of people known as Satoshi Nakamoto and issued as an open source program in 2009.
Betquin is created as a reward for a process known as mining. They can be replaced by other currencies, products and services. As of February 2015, more than 100,000 merchants and sellers of Bitquin have been adopted as payment currency. Cambridge University research estimates suggest that in 2017, there are between 2.9 and 5.8 million users
using a digital currency portfolio, most of whom use bitquin.
Incorporation:
A person who called himself the symbolic name Satoshi Nakamoto put forward the idea of Betcuain for the first time in a research paper in 2008, [2] describing it as an electronic cash system that relies on peer-to-peer, Direct dealing between one user and another without a broker (Kalntornt). The purpose of this currency, which was first floated in 2009, [3] is to change the global economy in the same way that the Web has changed the methods of publishing, [4] In 2016, Australian businessman Craig Wright announced that he was Satoshi Nakamoto in advance of technical evidence on it but his evidence was easily revealed. [5]
Curved currency:
It is the first currency of its kind and the most famous and widespread but it is not the only encryption currency currently on the Internet. There are over 60 different cipher currencies [6], of which 6 can be described as prime [7] depending on the number of users and the structure of each network, as well as the places where these citations can be exchanged and bought for other currencies. All current CFDs are based on the principle of the currency of the property itself, except for the Ripple currency. [8] Since the open source currency is open, it is possible to reproduce and make some adjustments to it and then to launch a new currency.
Decentralized currency:
The process of conversion is only required to know the number of the transferred person's wallet. The conversion process is stored in the series of blocks with a special serial number. This does not include the name of the sender or receiver or any other data of their own. Of privacy advocates, or vendors of illicit goods (such as drugs) over the Internet. [9]
The money goes from one user account to another immediately and without any transfer fees (excluding network fees paid to the metal) and without going through any of the transactions. Banks or intermediaries of any kind whatsoever.
The currency is available worldwide and does not require complicated requirements or things to use. When the currency is obtained it is stored in an electronic wallet. It is possible to use this currency in many things, including the purchase of books and gifts or things that can be purchased through the Internet and converted to other currencies such as the dollar or the euro.
