Bitcoin Currency Presentation

What Is Bitcoin ? Decentralized electronic currency Not. How Does It Work ? Users have a. Mining. Competitive decentralized. Bitcoin Mining rig. Bitcoin USB mining. The Mining Process. Software listens for transactions and performs complex calculations. Mining and New Bitcoins. New bitcoins are created as a result of mining. Value. Backed by mathematics, not physical properties or trust in central authorities. Legality. Bitcoin does not have legal tender status. Financial Crimes Enforcement Network (FinCEN). Bitcoin users are. Advantages and Disadvantages. Advantages. Thanks for your attention!

Bitcoin does not have legal tender status; However that does not mean it is illegal; Point of interest for many government agencies; Concerns about regulation and taxation.

Payment freedom Low fees Fewer risk Security Transparent and neutral.

Degree of acceptance Volatility Ongoing development Illegal activity.