What is Bitcoin?
So What Are Bitcoins?
Bitcoin is an new experimental Digital currency which uses the peer-to-peer technology for instant payments to anyone in the world. There is no central authority around this currency. Managing transactions and issuing money are carried out collectively by the network. Bitcoin is designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities.
To start using Bitcoins you need to get a suitable client for your type of operating system from HERE. After installing the software it will automatically create a wallet for you and start downloading the transaction history. ALTER: If you Don’t want to install the software on your computer Another way to get a wallet is to get one online at flexcoin, InstaWallet or MyWallet. As soon you setup your wallet you will get a Bitcoin address, which you can use for your transactions.
An example of a Bitcoin address is 31uEbMgunupShBVTewXjtqbBv5MndwfXhb.
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