Cryptocurrency – Bitcoin - OsizTechnologies
What is Cryptocurrency? A cryptocurrency is a medium of exchange using cryptography to secure the transactions and to control the creation of new units. o Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency in 2009. o Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as contraction of bitcoin alternative. o
Bitcoin Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
How to Use Bitcoin?
Inform yourself o Choose your wallet o Get bitcoins o Spend bitcoins o
Inform Yourself
Choose your wallet
Get Bitcoins You can get bitcoins by accepting them as a payment for goods and services or by buying them from a friend or someone near you. You can also buy them directly from an exchange with your bank account
Spend Bitcoins
How to accept Bitcoin?
o Inform yourself
o Processing payments o Accounting and taxes o Gaining visibility
Inform Yourself
Processing payments You can process payments and invoices by yourself or you can use merchant services and deposit money in your local currency or bitcoins. Most point of sales businesses use a tablet or a mobile phone to let customers pay with their mobile phones.
Accounting and Taxes
Gaining Visibility There You can is also submit a growing display your number business the Bitcoin of users inlogo online searching ondirectories your website for ways to help orto your spendand them brick easily their mortar bitcoins. find you. business.
Why Bitcoin? Bitcoins are sent easily through the Internet, without needing to trust any third party. Transactions: Are irreversible by design Are fast. Funds received are available for spending within minutes. Cost very little, especially compared to other payment networks. The supply of bitcoins is regulated by software and the agreement of users of the system and cannot be manipulated by any government, bank, organization or individual. The limited inflation of the Bitcoin system's money supply is distributed evenly (by CPU power) to miners who help secure the network.