bitcoin 4 year chart – Bitcoints

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Published on July 21st, 2015 | by bitcoin

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bitcoin 4 year chart

Information about bitcoin 4 year chart

Bitcoin

Bitcoin is a payment system invented by Satoshi Nakamoto, who published the invention in 2008 and released it as open-source software in 2009. The system is peer-to-peer; users can transact directly without needing an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain. The ledger uses its own unit of account, also called bitcoin. The system works without a central repository or single administrator, which has led the US Treasury to categorize it as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value.
Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. This activity is called mining and the miners are rewarded with transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for different currencies, products, and services. Users can send and receive bitcoins for an optional transaction fee.
Bitcoin as a form of payment for products and services has grown, and merchants have an incentive to accept it because fees are lower than the 2–3% typically imposed by credit card processors. Unlike credit cards, any fees are paid by the purchaser, not the vendor. The European Banking Authority and other sources have warned that bitcoin users are not protected by refund rights or chargebacks. Despite a big increase in the number of merchants accepting bitcoin, the cryptocurrency doesn’t have much momentum in retail transactions.
The use of bitcoin by criminals has attracted the attention of financial regulators, legislative bodies, law enforcement, and media. Criminal activities are primarily centered around black markets and theft, though officials in countries such as the United States also recognize that bitcoin can provide legitimate financial services.

Year

A year is the orbital period of the Earth moving in its orbit around the Sun. For an observer on the Earth, this corresponds to the period it takes the Sun to complete one course throughout the zodiac along the ecliptic.
In astronomy, the Julian year is a unit of time, defined as 365.25 days of 7004864000000000000♠86400 SI seconds each (no leap seconds), or 7007315576000000000♠31557600 seconds total.
Due to the Earth’s axial tilt, the course of a year sees the passing of the seasons, marked by changes in weather, the hours of daylight, and consequently vegetation and fertility. In temperate and subpolar regions, generally four seasons are recognized: spring, summer, autumn and winter, astronomically marked by the Sun reaching the points of equinox and solstice, although the climatic seasons lag behind their astronomical markers. In some tropical and subtropical regions it is more common to speak of the rainy (or wet, or monsoon) season versus the dry season.
A calendar year is an approximation of the Earth’s orbital period in a given calendar. A calendar year in the Gregorian calendar (as well as in the Julian calendar) has either 365 (common year) or 366 (leap year) days. The average length of the year in the Gregorian (modern) calendar is 365.2425 days (taking account of the century rule for leap years). In an informative annex, the International Standard ISO 80000-3 proposes the symbol a (for Latin annus) to represent a year of either 365 or 366 days. In English the abbreviations y and yr are used.
The word “year” is also used of periods loosely associated but not strictly identical with either the astronomical or the calendar year, such as the seasonal year, the fiscal year or the academic year, etc. By extension, the term year can mean the orbital period of any planet: for example, a “Martian year” or “Venusian year” is the time in which Mars or Venus completes its own orbit. The term is also applied more broadly to any long period or cycle, such as the “Great Year”.

Chart

A chart, also called a graph, is a graphical representation of data, in which “the data is represented by symbols, such as bars in a bar chart, lines in a line chart, or slices in a pie chart”. A chart can represent tabular numeric data, functions or some kinds of qualitative structure and provides different info.
The term “chart” as a graphical representation of data has multiple meanings:
A data chart is a type of diagram or graph, that organizes and represents a set of numerical or qualitative data.
Maps that are adorned with extra information (map surround) for a specific purpose are often known as charts, such as a nautical chart or aeronautical chart, typically spread over several map sheets.
Other domain specific constructs are sometimes called charts, such as the chord chart in music notation or a record chart for album popularity.
Charts are often used to ease understanding of large quantities of data and the relationships between parts of the data. Charts can usually be read more quickly than the raw data that they are produced from. They are used in a wide variety of fields, and can be created by hand (often on graph paper) or by computer using a charting application. Certain types of charts are more useful for presenting a given data set than others. For example, data that presents percentages in different groups (such as “satisfied, not satisfied, unsure”) are often displayed in a pie chart, but may be more easily understood when presented in a horizontal bar chart. On the other hand, data that represents numbers that change over a period of time (such as “annual revenue from 1990 to 2000”) might be best shown as a line chart.
^ Cary Jensen, Loy Anderson (1992). Harvard graphics 3: the complete reference. Osborne McGraw-Hill ISBN 0-07-881749-8 p.413
^ Howard Wainer (1997) ‘Visual revelations: graphical tales of fate and deception from Napoleon Bonaparte to Ross Perot,Lawrence Erlbaum Associates, Inc. ISBN 0-8058-3878-3 p.87-90

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