What is Betcuene?
Bitquin is a digital currency that is created and digitally preserved. No one controls it, does not print like paper money, it is produced by people and businesses who run computers all over the world, using programs that solve mathematical problems.
Betquin is the first example of a constantly growing currency category called Coded Currency.
What makes them different from regular currencies?
Betquin can be used to buy things electronically just like ordinary currencies, but its most important characteristic of other currencies is that it is decentralized. There is no single organization that controls the Betquin network, which means that large banks can not control people's money.
Who made it?
A software developer named Satoshi Nakamoto proposed Bitquin as an electronic payment system based on the mathematical guide. His idea was to create a currency independent of any central authority, electronically and instantly transferable and with a very low conversion rate.
Who prints it?
no one. Bitquin is digitally generated by a community of people to whom anyone can join and is "explored" using computer power in a distributed network.
This network handles transactions made in the default currency and makes Bitcoin a stand-alone payment network.
Can not you print an unlimited number of Bitquin?
The Betquin Protocol states that only 21 million can be created by prospectors, but these coins can be divided into smaller parts (the smallest amount is part of a hundred million Pitcullins named Satoshi named after its founder.
What is Pitcoin?
Traditional currencies are based on gold or silver, but Betquin relies on mathematics.
People around the world use mathematical equation tracking software to produce bitquin, which is freely available and can be accessed by anyone.
The program is also open source, which means that anyone can check it to make sure it is doing it correctly.
What are the properties of Bitquin?
Betquin has many characteristics that distinguish it from government currencies, including:
It is decentralized.
No central authority can control the Betquin. Every machine that digs for the Betquin and handles transactions forms part of the network, and the machines work together side by side. If a part of the network occurs at any time, money continues to flow, and no authority can manipulate monetary policy and cause it to collapse.
Easy to set up.
Instead of suffering to open an account at a conventional bank, you can create your home address in seconds, without any questions or fees.
Unknown.
Users can own multiple Bitquin addresses without linking them to names, addresses, or other identifying information.
Completely transparent.
Bitquin stores details of every transaction that occurred in the network at all in a huge public ledger, called Blockkin, and the Blochin shows everything.
If you use your home address as a public use, everyone will know the number of bytes in this address, but they will not know that it is yours.
There are measures that can be taken to make people's activities more ambiguous in the BetChoen network, such as not using the same address consistently, or transferring a large number of Bitquin to a single address.
The conversion fee is very small.
It does not charge a fee at all if imposed and will be very small compared to banks.
A quick.
You can send money anywhere and arrive within minutes.
Not cancelable.
When you send your homeowner's coins to someone else, there is no way to retrieve them unless the addressee returns them to you.
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