Bitcoin bouncing back following a pretty steep drop last week of more than 40 % Sasebo market surveys over the years Bitcoin, some of both a bullet up there in the same day the digital currency felt-tipped. Certainly, if you've been in it, it has been a good investment. Bitcoin prices were at $ 1,000 at the start of this year. Now On the CBOE it has reporter manda brandeis explains what bitcoin is and ask the question. My name is Sergey. In this film We will show you things that will fully change your mind and opinion and cryptocurrencies world and more likely it will change your life.
Shall we begin Even yesterday we didn't know about Bitcoin, Cryptocurrency and blockchain, but today the world is changing and it changes. So fast, But not every one of us have time to understand and accept its changes. More and more open. We hear from news Internet from acquaintances and of people that Bitcoin has their own several times, Cryptocurrencies until you to grow, but most people still don't realize that financial system And the whole world itself are changing right now and those ones who think they know. Everything might be, sadly mistaken. Important thing is always to have correct information and Understanding of things that are happened because tomorrow in the new world, you might not find a place. We sell. This film will open eyes not only to those who still don't know about this website. Bitcoin Coin and will change right as well. Those who are already familiar to the world of group tickers Is not as simple as looks: Bitcoin can free the world from unjust financial system and banks, But also can destroy like no world war. Ever You, It was 2008 Animas group of people. Oh one person who was hiding behind soda named Satoshi Nakamoto, published a document under name white paper which described the technology and work in principle of Bitcoin. In the same year, the main bitcoin dot org was registered and first articles were published in 2009. Followers and Bitcoin evangelists had already appeared. People who believed in basic idea and technology of Bitcoin and blockchain Bitcoin at that time was absolutely safe and anonymous value of the future that could be used without Intermediaries, like banks, and also not be controlled by supervisory authority and other individuals But main feature of Bitcoin. It doesn't belong to anyone. People thought this way and still think now, But in this film you will learn things that most people have no idea about Into what Bitcoin can turn our ordinary world might not be so bright and wonderful. Bitcoin is capable of turning the world upside down like no world war ever could. In 2009, bitcoins exchange rate was somewhere between 700 and 1600 bitcoins per $ 1 by the end of 2017 on the one beat guards. Caste was $ 20,000 exchange rate increased by 32 thousand times, It's a fantastic growth, and it keeps on growing. Every noob Psychological mark gets reached faster and faster, and soon We will see as one bitcoins cost will be $ 50,000, 100,000, 200,000 and maybe even 1 million dollars for one Bitcoin. Why Bitcoin and other cryptocurrencies Keep on growing answer is simple in the root of most cryptocurrencies is blockchain is a chain of blocks, each block keeps information about addresses Transactions and the structure itself is fully decentralized. The centralization is the key word. The centralization is when servers that secure one network of the certain cryptocurrency Doong belong to one circle: persons there are hundred thousands of computers and each one contains full base of bitcoins blockchain all Transactions, history account balances and other things all transactions in such network can be Traced to the very first one And that's how we get openness of all users, data to change or hack in the data in bitcoins network. You must hack and change information 100. Thousands of servers Which one zone, our regular users or miners Finding is the method for extracting bitcoins when you provide computational power of your computer To ensure the efficiency of network or that you get a reward in a way of bitcoins. But it's not as simple as it looks like The more servers appear in the network, the less reward becomes. There is already an entire industry round, Bitcoin and other cryptocurrencies. You used to be able to mined Bitcoin on any computer when whole network was small and Bitcoin. Initially came out, But now for that purpose there are some special computers Miners that can do nothing but mining their huge computing power. Don'T compare to usual computer! That'S why mining opportunity on your personal computer Has fully lost all meaning. Some cryptocurrencies are mined with video cards, Which also made a leap in the development of the industry and even shortage of equipment. Eight and private mining without big investments in equipment is no longer profitable. Individual miners are replaced by mining, pools whole buildings with servers which generate enormous computing power, and investments in such projects are equal to millions of dollars, And we can see how private, independent mining and basis of honest and reliability of Bitcoin network Passes in the hands of Huge mining pools and about its danger. I will tell you a bit later: The majority of people make money unusual right choice of buying one or another Cryptocurrencies which growth might be equal to 500, 1000 percent or even bigger for only one month. But it's not that cool some cryptocurrencies may fall, But in very rare cases now and even blanched in value cryptocurrencies eventually will grow and reestablish its price level. A Common world's interesting investments to cryptocurrencies Helps in growth of everything that is connected to cryptocurrencies and blockchain. It best year's Bitcoin has been developing exclusively by small group of people who believed in his perspectives and technologies. From 2015 Bitcoin began to come out into wider communities and from 2017 there was a quantum leap of popularity in growth not only of Bitcoin, but also of other cryptocurrencies called belt coins. Cryptocurrencies had grown, there were more and more developers and specialists and blockchain technology, photography and decentralisation. Bitcoin had its disadvantages. Technology of Bitcoin, even in 2014, already was obsolete technologies, which growth of popularity affected an inadequate off-day capacity of network in December 2017. If you sent Bitcoin to another address, Transaction information can be delayed for 24 hours or even more. New cryptocurrencies began to appear like, for example, ethereal, which was supported by crypto community in the way of fundraising for development and promotion through ICO. Also, a new concept appeared not long ago. First by herself, theorem tokens also raise their investments by dozen times, with the increase of cost and capitalization of a tear, Blockchain and cryptocurrencies. As I mentioned earlier, because of Bitcoin blockchain technology began its penetration in our regular life. It'S important to understand that creation of cryptocurrencies Like Bitcoin and others is by far not only application of blockchain. In 2015, a theorem network was launched and it brought more modern, blockchain technologies and new concept called smart contracts. Theorem was already more technologically advanced blockchain in which not only transactions of talking ethical readout, but also launching and processing of smart contracts and Creation of custom tokens for any side projects. Smart contracts is also a new direction that came out with blockchain development. Imagine yourself a smart digital contract Which includes all terms of a transaction and no one can change them. For example, you created a smart contract for a house. Sale Program needed terms used in which contract will trade Required event, in our case, its house selling wire. As to smart contracts, address needed amount in equivalent of cryptocurrency, Then every 24 hours smart contract will check for updates in public registry of real estate and right after they will appear, data That your house is registered to hire. Smart contract will transfer money to your account, But if such data wound appear in register during one month, smart contract will return Cryptocurrencies to buyer. A simple example to show that there is a big future in blockchain.
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