Photo by

Many sites are crowded with bitcoin news. Bitcoin is a standard computer program. New cryptocurrency was established by programmer(s) under the pseudonym Satoshi Nakamoto in 2009. The creator has come up with not only the currency, the algorithm of work, but also with special bitcoin wallet app, which allows you to maintain them (see, it is very convenient).

For the first time the creation of bitcoin, he became the owner of hundreds of thousands of coins. It is not only located on a particular computer or server, and immediately on millions of computers which directly communicate with each other through this program.

Torrents work on the same principle. You install the program, and someone else does the same thing. Then you can send each other files directly, without any servers, and virtually no control. It is this feature that made the torrents main hotbed of Internet piracy.

So the bitcoin system works just as well. The only aim of this program is to transfer files between users and to give them virtual points. Would you keep the computer an extra program that doesn’t give you any? Unlikely you will. Therefore, the program “encourages” those users who keep their computers entire system. She encourages their results virtual “points” that are called bitcoins.

So here’s an interesting phenomenon. The program does nothing useful. It “lies” in the user’s computers and gives them virtual money for the content. The program gives your points for some reasons.

The whole system has a limitation. It may issue only 21 million virtual points (bitcoins). Every day it connects new users. And do you know what the only action is programmed by this system? It complicates getting bitcoins if there are too much users. Or vice versa, simplifies if they suddenly become less.