Investing in cryptocurrency
Bitcoin, or bitcoin, is a peer-to-peer payment system that uses a unit of the same name to record transactions. The system uses cryptographic methods to ensure its operation and security, but all information about transactions between addresses in the system is publicly available. The smallest transferable value (the smallest bitcoin), 10-8, is called "satoshi", after the creator Satoshi Nakamoto, though he himself used the word "cent" in such cases. An electronic payment between two parties is unmediated and irreversible - there is no mechanism for reversing a confirmed transaction (including when the payment was sent to an incorrect or non-existent address, or when the transaction was signed with a private key that has become known to others). Funds cannot be blocked (seized), even temporarily, except for the owner of the private key (or the person to whom it has become known). But the provided multi-signature technology allows to involve a third party (arbitrator...