What is Bitcoin
What is Bitcoin?
Introduction
- Bitcoin is a digital currency
- Bitcoin came to life in January 2009
- The creation and transfer of Bitcoin is based on a cryptographic protocol
- All Bitcoin transactions are recorded in a public ledger called the block chain
- Bitcoins are transferred through a peer to peer network
- You can store your Bitcoins in a digital wallet
- Mining is the process by which new Bitcoins are created
- The number of Bitcoin is limited to 21.0 million
- Each Bitcoin has 8 decimals which means that in total there are 2.1 × 10 15
or 2.1 quadrillion currency units
- Until today about 11.5 million Bitcoins have been mined
More about the Bitcoin wallet
- Your Bitcoin wallet is the place where you store your Bitcoins
- Be careful with your wallet - it's where your money is
- You can either have a Bitcoin wallet installed locally on your computer or smartphone - choose one of these Bitcoin wallets
- You can also use an online wallet such as the one from Blockchain.info
- There are also ways to create paper wallets but this requires more technological insight. I will post more links here later
- Generally it's good to have your money distributed over more than one place - but don't forget to keep track of where your Bitcoins are!
Advantages of Bitcoin as a currency
- Fast money transfer
- Very low cost money transfer
- Frictionless international money transfer
- No charge-backs
- No double spending
- No money printing possible
Bitcoin resources
The short list below is a collection of links to the most important Bitcoin websites. You can find a more comprehensive list of Bitcoin knowledge sources under Wiki Bitcoin.
- Official Bitcoin website
- this is where you can download your wallet and find further information
- Dedicated Bitcoin wiki
- one of the best detailed resources, covers also technical questions
- Bitcoin Foundation
- is there to standardize, protect and promote Bitcoin
- Bitcoin charts - price information of Bitcoin exchanges all around the world
This is the most famous Bitcoin video
This one is also great, spoken in German English
Use your Bitcoins to pay for traveling
Mystery of Iran® as leading travel company in Iran accepts Bitcoin as payment to make sure our clients have possibility to send there payments fast , easy and secure to get our unique and wide-range services with fair fees .
Click here if like to know, How you can travel using Bitcoin.
Further Reading:
Articles About Iran
Traveling to Iran as an American citizen may sound complicated and dangerous. It’s not!
Editor’s Note:
Retired Eau Claire County Judge Thomas Barland recently spent nearly two weeks in Iran. Barlandestimates he has taken 75 foreign trips, visiting about 70 countries. He wrote this account for the Leader-Telegram.
From street sports to exclusive eats to nose job mania, Iran has quite a few mysteries waiting to be uncovered!
If mosques and ancient ruins aren’t enough to sate your touristic needs, Iran’s varied and dramatic landscapes offer the demanding traveler a wealth of awe-inspiring, unspoilt views to discover.
The beautiful and undiscovered places, stunning landscapes and fascinating sights in Iran’s nature, the inhabitant’s ethnic group’s variety, and also the hospitality and culture of locals in small villages or nomadic parts which are suitable for trekking, make Iran a perfect destination for these sort of activities.
While you probably won’t spot Salman Rushdie waxing down his Burton Custom X board at the top of a run anytime soon, Iran’s Dizin ski resort — an under-two-hour drive north from Tehran, up in the Alborz mountains — could be the next Alps.
Do you wish to travel to Iran to experience the delights of the ancient Persian Empire? Do you know new rules and regulations about traveling to Iran? And most important of all; what do previous Iran travelers experience in Iran? There are some things to review before traveling to Iran.
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