What are Bitcoins & Altcoins | Watch Now

What is bitcoin ? Bitcoin is a decentralized digital currency that doesn't have a central monetary authority. Bitcoin tranzactions are executed through a bitcoin wallet which the users shall download and use on their smartphones or computers. It should be purchase using regular currencies such as dollars or pounds and then stored in a wallet. Bitcoin can be easily transfered from person to person without the interference of banks and let you buy anything, from coffee to electronics. They remind an issue using specialized software and mathematical processe. Minor secure the bitcoin network verify use a transaction and earn new bitcoins for the same. With bitcoins, transactions fees are relatively less. You can transact in any country. Your count cannot be frozen. There are no arbitrary limits. Following the success of bitcoins, they emerged alternative coins or altcoins. There are hundreds of altcoins with their own individual features that addresses the flaws of bitcoins. Some popular altcoins include litecoin, opening faster transactions than bitcoins, courtcoin which uses nine rounds of incription for better security, neincoin, they can store data in its own block chain transaction data base, purecoin, designed to attain an annual inflation rate of 1%, darkcoin that keep users' identity secret and more. Most altcoins offer improved privacing and faster transactions