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Bitcoin Hosting

Bitcoin is a cryptocurrency first described in a 2008 paper by pseudonymous developer Satoshi Nakamoto, who called it a peer-to-peer, electronic cash system. Bitcoin creation and transfer is based on an open source cryptographic protocol and is not managed by any central authority. Each bitcoin is subdivided down to eight decimal places, forming 100 million smaller units called satoshis.Bitcoins can be transferred through a computer or smartphone without an intermediate financial institution.

Bitcoin Hosting

 

What is Bitcoin Hosting?

Bitcoin Hosting is the type of hosting whose service fees is paid through payment method Bitcoin. There is no difference in Bitcoin Hosting & Ordinary Hosting, all features are same.

 

 

How Bitcoin Works?

 

The Bitcoin network protocol operates to provide solutions to the problems associated with creating a decentralized currency and a peer-to-peer payment network. Key among them is the use of a blockchain to achieve consensus and to solve the double-spending problem. A bitcoin is defined by a chain of digitally-signed transactions that began with its creation as a block reward through bitcoin mining.

 

Each owner transfers bitcoins to the next by digitally signing them over to the next owner in a Bitcoin transaction. A payee can then verify each previous transaction to verify the chain of ownership.

 

 

Is Bitcoin safe?

 

The near anonymity built into the Bitcoin system keeps funds away from the prying eyes of tax collectors, who are getting ever better at shutting down tax havens. This potential for anonymity makes the currency ideal for drug smugglers, terrorists and money launderers, as well as the merely paranoid.

 

 

Bitcoin Account Currencies?

 

Through various exchanges, bitcoins are bought and sold at a variable price against the value of other currency. Bitcoin has appreciated rapidly in relation to existing fiat currencies including the US Dollar, Euro and British Pound.

 

 

 

 

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EgoPay, Bitcoin, cashU, Payza, Web Money, Western Union, Paypal, Visa, Master Card, Skrill, Perfect Money is accepted here as payment mode.

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