![]() ![]() With bitcoin too, transactions between countries are very easy and private because bitcoin itself is not bound by any country, law or regulation. So that the price of bitcoin is difficult to be affected by inflation because of the difficulty of producing very large amounts of bitcoin. The Dilemma of Bitcoin Security and User Anonymityīecause its ownership can be in the name of anonymity, bitcoin is often used as a method of money laundering and various other criminal acts.īitcoin can also be transferred via the internet to anyone who has a bitcoin wallet address.īitcoin's P2P topology and absence of a single administration make it very difficult to be manipulated by either a specific entity, be it a cybersecurity authority or any government. Ownership does not require identity, alias can be owned by an anonymous.Ģ. ![]() Unlike the money that is usually stored in bank accounts, bitcoins are basically stored on personal computers in the file wallet format, or stored in wallets provided by third parties. ![]() This was influenced by the price of bitcoin which reached hundreds of millions of rupiah in 2017. There are also many people who only trade bitcoin as a profitable investment activity, and many have become rich because of it. It also uses cryptography to provide basic security functions, such as ensuring that bitcoin can only be used by the person who owns it, and never more than once.Īs a result, bitcoin can be used in various types of transactions, such as buying internet servers, buying fashion products and so on. Unlike other currencies in general, bitcoin does not depend on one major issuer.īitcoin uses a distributed database and spreads across the nodes of a P2P network to transaction journals. It's just that, the system works without a single storage or administrator where the United States Department of the Treasury calls bitcoin a decentralized currency. Just like KoinP2P from KoinWorks, bitcoin uses a peer to peer (P2P) system. In Indonesia itself, there are many basic users, and several companies that stand specifically to become bitcoin trading (transaction) platforms.īitcoin is often seen as a new investment instrument with great potential for maximizing profits.Īt this stage, you may already be interested in getting to know more about what bitcoin is, how bitcoin works.īitcoin is a new currency or electronic money created in 2009 by someone who uses the pseudonym Satoshi Nakamoto.īitcoin is mainly used in transactions on the internet without using intermediaries, aka not using bank services. The profits are so tantalizing because the increase in valuation from time to time is extraordinary. What is Bitcoin? See the Complete Explanation Regarding Bitcoin! - The name bitcoin has been around for a long time and people are enthusiastically transacting or growing on one of these types of cryptocurrency. ![]()
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