Bitcoin is the first

decentralized digital currency.

Bitcoins are digital coins

you can send through the Internet.

Compared to other alternatives,

Bitcoins have a number of advantages.

Bitcoins are transferred

directly from person

to person

via the net

without going through a bank

or clearinghouse.

This means that the fees are much lower,

you can use them in every country,

your account cannot be frozen

and there are no prerequisites

or arbitrary limits.

Let's look at how it works!

Bitcoins are generated all over the Internet

by anybody running a free application

called a Bitcoin miner.

Mining requires a certain amount of work

for each block of coins.

This amount is automatically adjusted

by the network

such that Bitcoins are always created

at a predictable and limited rate.

Your Bitcoins are stored in your digital wallet

which might look familiar if you use online banking.

When you transfer Bitcoins,

an electronic signature is added.

After a few minutes

the transaction is verified by a miner

and permanently and anonymously stored

in the network.

The Bitcoin software is completely open source

and anybody can review the code.

Bitcoin is changing finance

the same way the web changed publishing.

When everyone has access

to a global market,

great ideas flourish.

Let's look at some examples

of how Bitcoins are already used today:

You can purchase video games,

gifts,

books,

servers

and alpaca socks.

Several currency exchanges exist

where you can trade your Bitcoins

for dollars,

euros

and more.

Bitcoins are a great way

for small businesses and freelancers

to get noticed.

It doesn't cost anything to start accepting them,

there are no chargebacks or fees

and you'll get additional business

from the Bitcoin economy.

For your first Bitcoins and more information, visit:

weusecoins.com