Transaction commissions are used to protect against users making transactions in order to overload the network and as a way to pay the miners for their work in supporting network security.

Another important fact is what will be the rate of bitcoin and any other crypto currency, although analysts predict that in 2018 the cost of one bitcoin will be $ 7500, and accordingly it will not be difficult to calculate future revenues.

People themselves are building a financial system, where there are no conditions and taxes. And everyone can earn crypto currency, the more it became available in Russia and the CIS countries.

To implement Bitcoin payment, you need to open a purse, enter the address of the recipient bitcoin funds, specify the amount and confirm your intention by clicking "send".

For convenience, most Bitcoin wallets read the QR code to obtain the destination address of the funds. It is also possible to use Bitcoin technology.

There are no difficulties with making Bitcoin payments, making the transaction much easier than, for example, a financial transaction with a bank card.

If we analyze the dynamics of the development of the bitcoin exchange rate from 2009, we can see that the price did not fall when there were economic difficulties in the world or individual countries.

And psychology plays an important role here. If depositors begin to massively get rid of bitcoins, then it will lead to its collapse.

As was said above - this is a solution to a complex computational problem. And the more difficult, the more involved computers.

It depends on the number of people who believed in this virtual money and invested in it real money. There is already included financial magic, which we will not consider due to the complexity of the topic.

Then, the private secret is converted to a Bitcoin address, using a function that the computer can easily implement. If someone becomes aware of the secret key, then it will not be difficult to get to the address.

The developer of the program calls himself Satoshi Nakamoto (Satoshi Nakamoto), he proposed an electronic payment system based on mathematical calculations.

A large share of Bitcoin's trust stems from the fact that it does not require any trust. Bitcoin is fully open and decentralized. This means that anyone has access to the full source code at any time.

Ongoing development - Bitcoin software is still on beta testing, and many unfinished features are still in active development. New tools and services are still being developed to make Bitcoin safer and more accessible to most.

Some of them are still not ready for launch. Most companies associated with Bitcoin are at an early stage of development, and still do not offer any guarantees. In general, Bitcoin is still in the process of becoming.

the true value of the goods here does not matter. It all depends solely on how many new people are ready to buy, in order to later resell more. Such a rise in prices is called a financial soap bubble.

pay for Bitcoin services at the moment Bitcoin can be paid in the company of the Medal of Microsoft and Amazon Not to mention hundreds of shops and smaller services.

Over time, there is a forest that Bitcoin will become less relevant due to the Flight into some other more promising currency. Of course everything does not go to another currency, but the risk of losing relevance always exists

In short, the price is strongly determined by the demand, which is known to be very volatile and speculative. At the moment, because of the lack of large turnover on Bitcoin exchanges, it is easier for them to manipulate.

Now crypto currency is used to buy fentanyl and other drugs, so this rare technology directly carries death. I think that the speculative wave around the ICO and the crypto currency is too risky