Bitcoins

Bitcoins- Bitcoins- Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.Who owns bitcoin.org? Bitcoin.org is the original domain name used with the first Bitcoin website. It was registered and is still managed by Bitcoin core developers and by additional community members, with the input of Bitcoin communities. Bitcoin.org is not an official website. Just like nobody owns the email technology, nobody owns the Bitcoin network. As such, nobody can speak with authority in the name of Bitcoin. Then... who controls Bitcoin? Bitcoin is controlled by all Bitcoin users around the world. Developers are improving the software but they can't force a change in the rules of the Bitcoin protocol because all users are free to choose what software they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work decently with a complete consensus between all users. Therefore, all users and developers have strong incentives to adopt and protect this consensus. Mission •Inform users to protect them from common mistakes. •Give an accurate description of Bitcoin properties, potential uses and limitations. •Display transparent alerts and events regarding the Bitcoin network. •Invite talented humans to help with Bitcoin development at many levels. •Provide visibility to the large scale Bitcoin ecosystem. •Improve Bitcoin worldwide accessibility with internationalization. •Remain a neutral informative resource about Bitcoin. The basics for a new user As a new user, you can get started with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once. Balances - block chain The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography. Transactions - private keys A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain.
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