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Posts Tagged ‘satoshi’

Bitcoin is a virtual decentralized currency that was created in 2009 by developer Satoshi Nakamoto, who described the currency in a paper. Recently Bitcoin has gotten lots of attention. In early 2013, the prices reached a high of US$265 per Bitcoin. The following chart shows the currency’s historical price:Because Bitcoin is a virtual currency and […]

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Bitcoin is a peer-to-peer currency exchange system that features a predictable currency rate. The generation of Bitcoin currency is controlled by an algorithm created by Japanese researcher Satoshi Nakamoto in 2008. Bitcoin system users are essentially "mining" for Bitcoins using their computers CPU power. Today, because of the intrinsic characteristics of the Bitcoin-generating algorithm, calculating new […]

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Bitcoin, developed in 2009 and based on the works of Satoshi Nakamoto, is a peer-to-peer (P2P) currency system created in open-source C++ programming code. Its inventor describes it as a purely peer-to-peer version of electronic cash that allows online payments to be sent directly from one party to another without going through a financial institution. […]

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