OWS Currency: Difference between revisions
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Bitcoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Bitcoin is also the name of the open source software which enables the use of this currency. | [[Bitcoin]] is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Bitcoin is also the name of the open source software which enables the use of this currency. | ||
tl;dr Nobody owns the network, and it's impossible to cheat. No longer have to rely on any central authority. | tl;dr Nobody owns the network, and it's impossible to cheat. No longer have to rely on any central authority. | ||
Revision as of 15:56, 9 October 2011
Bitcoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Bitcoin is also the name of the open source software which enables the use of this currency.
tl;dr Nobody owns the network, and it's impossible to cheat. No longer have to rely on any central authority.