the first example of what we today call cryptocurrencies, a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography. Low transaction fees, receiving bitcoins is free and sending bitcoins costs less than a penny. A small number of new bitcoins trickle out every hour, and will continue to do so at a diminishing rate until a maximum of 21 million has been reached. It allows you to access your money without needing an ATM or credit card - bitcoin gives you back control over your money. Computer scientists though, werent pleased. It is one hundred millionth of a bitcoin (0.00000001) at todays prices, about one hundredth of a cent. Using bitcoins increases their value. Paper money has some advantages and disadvantages. Increased privacy, with Bitcoin, you only provide the necessary information to the merchant.

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This may sound confusing, or at best like science fiction. Donate to any Bitcoin-accepting organization anywhere. What does Bitcoin mean for the world? Technology Bitcoins are implemented using the latest trusted technologies: The same cryptography that powers Internet banking. In other words, people never trusted paper money, they trusted the government to hold the gold for them. Merchants do not need a relationship with any service to begin accepting bitcoins. Some of the reasons Bitcoin is better than regular currencies: Bitcoin is an international currency. Plus you can pay friends back for dinner, buy your next computer, and donate to charity, all using bitcoin.

Beginners Guide: What is, bitcoin?