Online currency BitCoin has reached parity with the dollar
Yesterday, the Bitcoin (฿) cryptocurrency rate on the stock exchange for the first time exceeded $ 1.00 and at some point even reached $ 1.10.
Back in July last year, about ten merchants were accepted for payment, and now there are about a hundred of them, including electronics, cosmetics, hosting, etc. At the same time, the monetary base for this period increased approximately fivefold (from 1 million BTC to 5.37 million), and the rate strengthened tenfold (from $ 0.10 to $ 1.00). It seems that the project is developing successfully, and the new currency becomes quite convertible.
Recall that Bitcoin is the only fully decentralized anonymous payment cryptosystem in the world, which is created according to the principles of open source. The issue of payment instruments and control over their circulation is based solely on the basis of P2P relations and the system of cryptographic keys, without any issuing center.
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The issue of banknotes is carried out directly on the user's personal computer. Each coin has its own unique key. When making a transaction (the minimum transaction is 0.00000001 BTC), the user adds the recipient’s public key to the coin and signs it with his personal private key. For a technical description of Bitcoin, see here .
To date, the number of coins in circulation is 5.37 million. When the currency base reaches 21 million coins, the issue will completely stop in order to avoid inflation.
Back in July last year, about ten merchants were accepted for payment, and now there are about a hundred of them, including electronics, cosmetics, hosting, etc. At the same time, the monetary base for this period increased approximately fivefold (from 1 million BTC to 5.37 million), and the rate strengthened tenfold (from $ 0.10 to $ 1.00). It seems that the project is developing successfully, and the new currency becomes quite convertible.
Recall that Bitcoin is the only fully decentralized anonymous payment cryptosystem in the world, which is created according to the principles of open source. The issue of payment instruments and control over their circulation is based solely on the basis of P2P relations and the system of cryptographic keys, without any issuing center.
')
The issue of banknotes is carried out directly on the user's personal computer. Each coin has its own unique key. When making a transaction (the minimum transaction is 0.00000001 BTC), the user adds the recipient’s public key to the coin and signs it with his personal private key. For a technical description of Bitcoin, see here .
To date, the number of coins in circulation is 5.37 million. When the currency base reaches 21 million coins, the issue will completely stop in order to avoid inflation.
Source: https://habr.com/ru/post/113569/
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