Bitcoin is a technology operating without a central authority

 

Bitcoin is a technology operating without a central authority. 


The management of transactions and the creation of Bitcoin is taken care of collectively by the network. Bitcoin is free and open. 


Its design is public, no one owns or controls Bitcoin, and anyone can join. Thanks to several of its unique properties, Bitcoin makes possible promising uses that could not be covered by traditional payment systems. 


The Bitcoin digital currency is essentially based on Blockchain technology, and it has several implications for the economy and society. 


Bitcoins are used all over the world and can be a tool for decentralization and freedom


There are a significant number of companies and individuals who use Bitcoin, currently, some organizations accept Bitcoin as a form of payment. Although Bitcoin is still a relatively new phenomenon, it is growing rapidly. 


At the beginning of December 2017, the value of all bitcoins in circulation surpassed 16.7 million bitcoins with millions of dollars traded daily in bitcoins (its market cap is $280 billion)

In this paper, we give you an overview of the subject, and you will know what you need to know about Blockchain and Bitcoin


After the definition of these last two, we will present their impacts on the financial industry, and finally, we will evaluate the function of the stock of value on the calculation of the volatility of Bitcoin compared to gold and the EUR/USD parity.


Are bitcoins safe?


Bitcoin; Blockchain; Crypto monnaie; volatilité; monnaie; minage; cryptographie.