bitcoin 6 december – Bitcoints

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Published on July 21st, 2015 | by bitcoin

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bitcoin 6 december

Information about bitcoin 6 december

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.

December

December (/dɨˈsɛmbər/ di-SEM-bər) is the twelfth and last month of the year in the Julian and Gregorian Calendars. It is one of seven months with the length of 31 days.
December is the first month of meteorological winter in the Northern Hemisphere and in the Southern Hemisphere is the first month of summer. December is the month with the shortest daylight hours of the year in the Northern Hemisphere and the longest daylight hours of the year in the Southern Hemisphere.
December starts on the same day of the week as September every year and ends on the same day of the week as April every year. In common years, April and July of the previous year start on the same day of the week as December of the current year as a common year and October of the previous year always starts on the same day of the week as December of the current year as a leap year while January of the previous years starts on the same day of the week as December of the current year as a leap year and a year immediately after that. July of the previous year ends on the same day of the week as December of the current year as a common year, February and October of the previous year end on the same day of the week as December of the current year as a leap year, and January of the previous year ends on the same day of the week as December of the current year as a leap year and a year immediately before that. December starts on the same day of the week as June of the following year in years immediately before common years and March and November of the following year in years immediately before leap years. December ends on the same day of the week as September of the following year in years immediately before common years and March and June of the following year in years immediately before leap years.

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