Simple, anonymous, safe and free to pay on the Internet is no longer a future music. It took a resourceful Japanese named Satoshi Nakamoto to invent the new and revolutionary cash of the future, Bitcoin. An open source network was already launched in 2009, with the new money being managed on the Internet. On the basis of a concept of a Mr. Wei Dai, which had already existed since 1998, which at that time brought a similar currency to its interested listeners, Nakamoto developed the digital payment Bitcoin.
With the help of a peer-to-peer network, which is a grouping of equitable computer users, as well as with the help of an enormous encryption technology, the digital money is provided via the internet and used as a means of payment. Banks and other credit institutions are no longer required when paying with bitcoins. The transactions are simple and cost-effective, just like sending an email. One can thus also make very fast referrals since the digital Bitcoins arrive after a short time at the receiver, where they are immediately booked as payment receipt. Only the Bitcoin client with which all payments are made is required.
A bitcoin has almost the same characteristics as cash money since it can be paid anonymously. Bitcoins are also not subject to inflation and are a highly secure means of payment. The cryptically encrypted number sequence through which the digital money is generated is many times higher than for example in online banking. A 128-bit encryption is used, while Bitcoin uses an encryption of 1024 bits. The amount of money is controlled and limited to the network so that any attempt to cheat or fake bitcoins failed.
Bitcoin is already traded and speculated at specific marketplaces and exchanges all over the world. Bitcoins are already accepted as a donation money for non-profit organizations. Bitcoins have been waiting for many people who make bank transfers since bitcoins are making banks and payment services more independent, enabling global, free and fast transactions. They are an anonymous, legal, counterfeit and inflation-proof payment, which in the future will be accepted by more and more private individuals, companies and in particular online shops.