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1. Bitcoin-The Future of Currency?

2.  Over the past several years, a digital
currency known as Bitcoin (also known
as BTC’s) has taken the world by storm.
 The virtual currency – which can be accessed
as physical coins or solely through peer-to-
peer trading at other Bitcoin websites ,can
now be used to purchase many different
goods and services and is the most widely
used alternative currency.

3.  The idea of Bitcoins were rumored to first be
introduced by a Japanese man, Satoshi
Nakamoto.
 An article was published by Nakamoto in the
Cryptography Mailing List at metzdowd.com
which described the implementation of the
Bitcoin Protocol.

4.  This type of currency is unlike most out
there, being that it does not have a central
bank and operates via a peer-to-peer market
place.
 The supply of Bitcoin is automated as to not
flood the market.
 Bitcoin can be divided up to 8 decimal
places as value increases.
 Under current rules, Bitcoin have a hard cap
of 21 million.

5.  Users can send and receive Bitcoin using
Bitcoin addresses. In most cases, these
transactions are free or of little cost.
 Transactions are processed extremely quickly
and can be verified within an hour or less.
 Once a transaction is processed to a Bitcoin
address the process is irreversible.

6.  Bitcoin addresses are a series of numbers and
letters that range between 27-34 characters.
These are used as possible destinations for
Bitcoin payment.
 Addresses are fully anonymous and can be
generated at no cost.
 Users can have an unlimited amount of
Bitcoin addresses.

7.  BitInstant: The fastest way to receive
Bitcoins. Users can purchase coins through a
variety of options and remain anonymous.
Deposit cash at over 800,000 locations across
the world and have Bitcoins within an hour or
less.
 Fees for Bit Instant are more than other
services and are priced at 3.99% of the total
amount exchanged.

8.  CoinBase- A Bitcoin wallet that allows users
to buy and sell Bitcoin.
 Customers can buy and sell almost
immediately but are limited to 10 BTC for
the first month, after which they can buy up
to 100 BTC in a single transaction.
 CoinBase only charges 1% of the total
transaction and is one of the cheapest ways
to purchase coins.