A crypto currency is a medium of exchange like normal currencies such as USD, euros, CNY Chinese Yuan, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. Crypto currencies use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin’s block chain transaction database in the role of a distributed ledger.
Bitcoin is a digital currency and a payment system that was created and lunched by Satoshi Nakamoto in the year 2009.
Bitcoin is a consensus network that enables a new payment system and completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.
The system works without a central repository or single administrator, which has categorize it as a decentralized digital currency. Bitcoin is often called the first crypto currency, 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.
The system is peer-to-peer; users can do transactions directly without needing an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain.
find out more at www.bitcoin.org
The block chain is a public ledger that records bitcoin transactions. A novel solution accomplishes this without any trusted central authority: a network of communicating nodes running bitcoin software performs maintenance of the block chain. The blockchain is seen as the main technological innovation of Bitcoin, since it stands as proof of all the transactions on the network. A block is the ‘current’ part of a blockchain, which records some or all of the recent transactions, and once completed goes into the blockchain as permanent database. Each time a block gets completed, a new block is generated. There is a countless number of such blocks in the blockchain. So are the blocks randomly placed in a blockchain? No, they are linked to each other (like a chain) in proper linear, chronological order with every block containing a hash of the previous block.
Based on the Bitcoin protocol, the blockchain database is shared by all nodes participating in a system. The full copy of the blockchain has records of every Bitcoin transaction ever executed. It can thus provide insight about facts like how much value belonged a particular address at any point in the past.
Bitcoin transactions are sent from and to electronic bitcoin wallets, and are digitally signed for security. Everyone on the network knows about a transaction, and the history of a transaction can be traced back to the point where the bitcoins were produced.
To send bitcoins, you need two things: a bitcoin address and a private key. A bitcoin address is generated randomly, and is simply a sequence of letters and numbers. The private key is another sequence of letters and numbers, but unlike your bitcoin address, this is kept secret.
Think of your bitcoin address as a safe deposit box with a glass front. Everyone knows what is in it, but only the private key can unlock it to take things out or put things in.
When Marie wants to send bitcoins to Peter, she uses her private key to sign a message with the input (the source transaction(s) of the coins), amount, and output (Peter’s address).
She then sends them from her bitcoin wallet out to the wider bitcoin network. From there, bitcoin miners verify the transaction, putting it into a transaction block and eventually solving it.
With Bitcoin, miners use special software to solve math problems and the system issue a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.
Bitcoin miners help keep the Bitcoin network secure by approving transaction. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure.
Also mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain, as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.
Trading bitcoins is simple. Just buy lower price and sell for high price. There are multiple exchanges where big companies and individuals can trade multiple times per hour and every single day.
Exchanging one crypto currency for another one or sell them to a different exchange.
Is to buy a crypto currencies when price is down and sell them a higher price.
Is to manage different crypto coins, buy new coins when the market of these coins is going up and sell the others when their market is going down.
Is to recoginize the market trends.
- When to keep them secure, not in fluctuation.
- When to use them to generate Profits.
All trader’s platforms provide cutting edge technology, utilizing innovative tools to ensure trading potential is maximized. We are connected to the market 24/7.
AirBit Club was founded with the aim of providing the best possible information about bitcoin, its origins, its benefits, Teach people how to use them, how to open a wallet, as well as provide the opportunity to generate profits. Trading encrypted currencies and mining encrypted currencies Using Bitcoin as our main coin.
Our mission is to provide cutting edge technology utilizing innovative tools to ensure trading potential is maximized And that way increase profits to all affiliates. Increase Bitcoin users and increase the number of transactions between them.
With the increased usage and wider adoption of Bitcoin, the demand is always increasing. With a constant supply and increasing demand, the only factor in the equation that can budge is the price of Bitcoin, which will inevitably have to increase. The traders partner’s platform provides cutting edge technology, utilizing innovative tools to ensure trading potential is maximized.
You join the club with any of the memberships available, we will use those bitcoins to trade and mine crypto currencies. 50% of profits will be split among all club members and 50% will be used to increase the power of trading and mining, also to solidify our business relationships with companies dedicated to the growth of technology to trade and mine bitcoins. Airbit Club is a trading and mining platform of crypto currencies, with an automated Profit sharing algorithm. Payments and deposits are automatic and encrypted.