payment gateway Bitcoin

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What is Bitcoin? It is Easy to Understand!
There are few things you can be sure of in life,
but one is that at CBANX we deliver what we
promise! This promise includes delivering to the
readers of our CBANX blog. You keep hearing from
friends about Bitcoin trading online and how
they exchange Bitcoins for Euros. But whats
Bitcoin? You still dont understand. Can anyone
explain Bitcoin in a way that is easily
understandable? Fret no longer, you have come to
the right place.
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Now, if you have already been involved in Bitcoin
trading online for some time, you may want to
skip this one and tune in again for our next
article. However, if you are just getting ready
to learn how to exchange Bitcoins for Euros and
would like to finally understand whats Bitcoin,
then please keep reading. Bitcoins for
Beginners Basically, the beginnings of Bitcoin
date back to the year 2009 when an ingenious
inventor or group of inventors known as
Satoshi Nakamoto published the so-called
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Bitcoin Whitepaper. whitepaper
is an informative
report on a complex topic. In this paper,
Satoshi Nakamoto introduced the revolutionary
idea of a new type of electronic cash, a digital
currency. Satoshi Nakamoto had come up with a
new type of online payments. Instead of sending
online payments via banks, like in the
traditional world, the inventor proposed a type
of payment system that would not need a central
financial institution. Instead, this new type of
electronic cash would be created for sending
payments via a peer-to-peer network. Peer-to-Pe
er Network In the world of the web, peer-to-peer
means that a computer system is connected to
another computer system, which is connected to
yet another system you get the idea. Meaning
that many computer systems together form a
closed
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network within the internet. A closed computer
system stores information and at the same time,
shares that information with the other systems in
its network. In essence, a network within the
huge network that we call the internet. Thus,
basically the objective of the inventor or
inventors was that people could send each other
electronic cash without the need of a third party
intermediary, such as a bank or institution.
Instead, they would send cash using a closed
network within the internet. The network would
collectively process payments using certain
technologies. The peer-to-peer network was to be
faster in speed than traditional banks, safer
than traditional banks and to offer low
processing fees for these payment
transactions. For more information about Exchange
Bitcoins visit our site https//www.cbanx.com/