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Bitcoin is all the rage these days as media outlets all across the world continue to report on its meteoric rise, especially in the last few months as its value continues to soar and shows no signs of slowing just yet. But what exactly is bitcoin? In layman’s terms, it’s a cryptocurrency that was released in 2009 as open-source software and it is the first ever decentralised digital currency. It is used worldwide as a payment system and incredibly it works without a central bank or single administrator. Bitcoin is run on a peer-to-peer network and transactions take place directly between users without the need for an intermediary source. Transactions on the network are verified by nodes through the use of complex cryptography and saved in a public distributed ledger that is known as a blockchain. An interesting fact about this currency is that no one really knows who really invented it except that they go by the name of Satoshi Nakamoto.
Bitcoin is coming to all SkillOnNet online casinos
2018-01-09 15:28:54Leading software provider SkillOnNet is the engine that powers many of Europe’s hottest online casino brands including PlayOJO, DrueckGlueck, Mega, LuckyNiki, and the extremely popular online casino SlotsMagic. The company recently announced plans to add the cryptocurrency bitcoin as a payment option for players to deposit and withdraw their money with.
A Little Bit About Bitcoin
Bitcoin is all the rage these days as media outlets all across the world continue to report on its meteoric rise, especially in the last few months as its value continues to soar and shows no signs of slowing just yet. But what exactly is bitcoin? In layman’s terms, it’s a cryptocurrency that was released in 2009 as open-source software and it is the first ever decentralised digital currency. It is used worldwide as a payment system and incredibly it works without a central bank or single administrator. Bitcoin is run on a peer-to-peer network and transactions take place directly between users without the need for an intermediary source. Transactions on the network are verified by nodes through the use of complex cryptography and saved in a public distributed ledger that is known as a blockchain. An interesting fact about this currency is that no one really knows who really invented it except that they go by the name of Satoshi Nakamoto.