I have been hearing a lot about bitcoin and am wanting to learn more about it.
Well bitcoin is a form of cryptocurrency,arguably the most well known that there is currently.
My concern is how secure is it.
Since it is a digital form of currency, it is locked in a digital wallet that is locked so it is pretty secure.
That definitely makes me feel more comfortable about using them as a currency.
Bitcoin
Bitcoin (₿) is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and was released as open-source software in 2009. Bitcoins are created as a reward for
number embedded, together with denomination, currency, identifier of the issuing bank as well as layer of digital watermarks and digital signatures. Signatures are both in standard RSA format and on elliptic curves created by bank's HSM.
In order to access the blockchain, users need a dedicated application that contains public keys of the issuers. The application, just like bitcoin cryptocurrency wallet, is capable of parsing Billon's digital blockchain format and verifying signatures on incoming and outgoing money. Both the sending and receiving party have to register their