Bitcoin is an online payment system invented
by Satoshi Nakamoto.
Bitcoin is an innovative payment network and
a new kind of money. Bitcoin uses peer-to-
peer technology to operate with no central
authority or banks; managing transactions
and the issuing of bitcoins is carried out
collectively by the network.
What makes it different from
Bitcoin can be used to buy things
electronically. In that sense, it’s like
conventional dollars, euros, or yen, which are
also traded digitally.
However, bitcoin’s most important
characteristic, and the thing that makes it
different to conventional money, is that it is
decentralized. No single institution controls
the bitcoin network. This puts some people at
ease, because it means that a large bank
can’t control their money.
UK online electronics store BitRoad accepts
Bitcoin and Litecoin payments with plans to
accept other altcoins soon.
BitRoad sells a range of electronic equipment
ranging from smart phones to car systems, as
well as security equipment and even baby
BTC payments are processed via BitPay and
LTC payments via a “custom Beta processor”.
Hold on a minute… a custom Beta processor?
Isn’t that what Mt.Gox were using? I began
reading with more concern and found this
curious get-out clause on the ‘Payments’
page: BitRoad do not offer refunds due to
price “volatility” but, thankfully, they do offer
“a voucher for the same amount you payed.”
If You want to know more about bitcoin or
bitcoin store then visit bitroad.co.uk website