Monday, February 1, 2016

BitCoins As Universal OnLine Social Currency - Social Media

One OnLine World - One Currency. Makes sense? Bitcoin is an innovative payment network and a new kind of Currency. Interesting? Yes this Currency can be transferred to your Bank Account and you will have your own Currency. Well you do have BitCoin Banks that enable this process. I guess it can be safely said that BitCoins is a 'OnLine Social Currency'. Why? There is a lot of OnLine Socializing taking place.

You can earn BitCoins in various ways. For example by Mining it OnLine, by playing games, by winning contest, by doing OnLine Freelance Jobs.... There are phone Apps as well for all this. Makes life good. What say.

BitCoins uses Peer - To - Peer Technology. What does this mean - well put it simply it uses the same format as Messengers for instance. It is important that you understand that this Peer - To - Peer Technology operates with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the Network. Bitcoin is an open-source; that is, its design is public, nobody owns or controls Bitcoin. The good part is all can jump into it! Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system! 

You can make and accept payments as Bitcoins. Yes! Merely using the Bitcoin supports it's growth. It is like currency.