The history of bitcoin and litecoin

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First mentioned in 2008 by a developer using the pseudo-anonymous identity of Satoshi Nakamoto, Bitcoin, the open source peer-to-peer digital currency was first launched in 2009, and has reached by December 2013 over 172,000 peers. Bitcoin was launched as an open-source de-centralized platform of virtual currency, whereby all transactions are recorded on blockchain by its operators – the miners. For more information, visit: http://99bitcoins.com/history-bitcoin-litecoin/

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The history of bitcoin and litecoin

  1. 1. THE HISTORY OF BITCOIN AND LITECOIN
  2. 2. “First mentioned in 2008 by a developer using the pseudo-anonymous identity of Satoshi Nakamoto, Bitcoin, the open source peer-topeer digital currency was first launched in 2009, and has reached by December 2013 over 172,000 peers. Bitcoin was launched as an open-source de-centralized platform of virtual currency, whereby all transactions are recorded on blockchain by its operators - the miners”
  3. 3. “Currently many countries have banned bitcoin, while you can Buy Bitcoin or Buy Litecoin for transactions in other countries with private businesses, NGO’s and currency exchange to use its many advantages”
  4. 4. “Many businesses and corporations accept Bitcoin as payment currency, representing their desire to be perceives as innovative and globally open. Virgin Galactic Airlines is a typical example, which since November 2013 announced they accept Bitcoin as payment, allowing ticket purchase by Bitcoin after you Buy Bitcoin via credit card or BTC to Paypal”
  5. 5. “Parallel to Bitcoin, Litecoin has been inspired by it and resembles it as an open-source peer-to-peer cryptocurrency, launched in 2011 by Charles Lee, has become the second largest by market capitalization. As of November 2013, Litecoin has received extended media coverage by prominent media channels as the Bitcoin altenative”
  6. 6. “A major advantage of both Bitcoin and Litecoin is the low fees charges for transactions. When you Buy Bitcoin or Buy Litecoin, the fee can be lower by up to X20 than regular currencies’ transaction fees, while allowing the peer increased security, better performance, improvements and benefits”
  7. 7. “Future of Bitcoin and Litecoin seems promising, both as digital commercial currency and as an investment channel, particularly once their value becomes less volatile”

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