Bitcoin confirmations explained

Next-generation digital currency inspired by the success of Bitcoin. Soon, a startup operating a cryptocurrency ATM network will join us, bitcoin confirmations explained project participants with varying shares.

Popularizing the club provides you with rewards. Based on the 40-years plan developed with the participants of the Green project on more than 20. 000 hectares 10 millions extremely fast growing trees and plants are settling and has already been settled. We primarily involve those communities, associations, groups and sharing economy startups in our project who can contribute to the long-term stability of Firstcoin through their openness and large numbers.

There are no limitations, it works everywhere. You can send Firstcoin just as easily as an e-mail, and it is almost just as fast. It does not matter what hidden part of the world you are in, you can send and receive Firstcoin in seconds. There are no banks to slow down your transactions, so they are completed almost immediately, even on the weekends.

Firstcoin is based on the unique technology of Bitcoin. Thanks to block chain technology you can track coin generation and transaction authenticity. The network checks and authenticates itself, so it cannot be circumvented. Just like Bitcoin, Firstcoin is unaffected by problematic banks, governments, countries, authorities, or governments. You can quickly and easily download a Firstcoin wallet, or register online without limitations or even entering personal information.

Transactions are anonymous and personal information is not shared. You can open or download a Firstcoin wallet free of charge. There are no monthly account fees, there is no need for a bank card. Even the transactions are almost free. Firstcoin simulates the value adding limitation of gold. At most 110 million can be mined, so it cannot inflate like real currency, which countries have a tendency to print in large quantities.

We primarily concentrate on expanding the number of Firstcoin participating businesses. Besides programmers, a large part of our team includes internationally known marketing and networking specialists with considerable connections. Copyright 2018 Firstcoin Project – All rights reserved. Many thousands of articles have been written purporting to explain Bitcoin, the online, peer-to-peer currency. Most of those articles give a hand-wavy account of the underlying cryptographic protocol, omitting many details. Even those articles which delve deeper often gloss over crucial points. My aim in this post is to explain the major ideas behind the Bitcoin protocol in a clear, easily comprehensible way.

Understanding the protocol in this detailed way is hard work. It is tempting instead to take Bitcoin as given, and to engage in speculation about how to get rich with Bitcoin, whether Bitcoin is a bubble, whether Bitcoin might one day mean the end of taxation, and so on. That’s fun, but severely limits your understanding. Understanding the details of the Bitcoin protocol opens up otherwise inaccessible vistas. I’ll describe Bitcoin scripting and concepts such as smart contracts in future posts. This post concentrates on explaining the nuts-and-bolts of the Bitcoin protocol. To understand the post, you need to be comfortable with public key cryptography, and with the closely related idea of digital signatures.