BITCOIN CASINO

Bitcoin-The Future of Currency?

A LITTLE HISTORY! Over the past several years, a digital

currency known as Bitcoin (also known as BTC’s) has taken the world by storm.

The virtual currency – which can be accessed as physical coins or solely through peer-to-peer trading at other Bitcoin websites ,can now be used to purchase many different goods and services and is the most widely used alternative currency.

HISTORY OF BITCOINS 

The idea of Bitcoins were rumored to first be introduced by a Japanese man, Satoshi Nakamoto. 

An article was published by Nakamoto in the Cryptography Mailing List at metzdowd.com which described the implementation of the Bitcoin Protocol.

DECENTRALIZED CURRENCY This type of currency is unlike most out

there, being that it does not have a central bank and operates via a peer-to-peer market place.

The supply of Bitcoin is automated as to not flood the market. 

Bitcoin can be divided up to 8 decimal places as value increases.

Under current rules, Bitcoin have a hard cap of 21 million.

TRANSFERRING BITCOINS Users can send and receive Bitcoin

using Bitcoin addresses. In most cases, these transactions are free or of little cost. 

Transactions are processed extremely quickly and can be verified within an hour or less. 

Once a transaction is processed to a Bitcoin address the process is irreversible.

BITCOIN ADDRESSES Bitcoin addresses are a series of

numbers and letters that range between 27-34 characters. These are used as possible destinations for Bitcoin payment. 

Addresses are fully anonymous and can be generated at no cost.

Users can have an unlimited amount of Bitcoin addresses.

BITCOIN EXCHANGES AND SERVICES

BitInstant:  The fastest way to receive Bitcoins. Users can purchase coins through a variety of options and remain anonymous. Deposit cash at over 800,000 locations across the world and have Bitcoins within an hour or less. 

Fees for Bit Instant are more than other services and are priced at 3.99% of the total amount exchanged.

CoinBase- A Bitcoin wallet that allows users to buy and sell Bitcoin. 

Customers can buy and sell almost immediately but are limited to 10 BTC for the first month, after which they can buy up to 100 BTC in a single transaction. 

CoinBase only charges 1% of the total transaction and is one of the cheapest ways to purchase coins.

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