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A crypto currency is a medium of exchange like normal currencies such as USD, euros, CNY Chinese Yuan, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. Crypto currencies use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin's block chain transaction database in the role of a distributed ledger.
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto.
Bitcoin is a consensus network that enables a new payment system and completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.
The system works without a central repository or single administrator, which has categorize it as a decentralized digital currency, also the U.S. Treasury categorizes bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value.
The system is peer-to-peer; users can do transactions directly without needing an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain.
A Blockchain originally, block chain
The blockchain is the main technical innovation of bitcoin, where it serves as the public ledger of all bitcoin transactions. Every user is allowed to connect to the network, send new transactions to it, verify transactions, and create new blocks, making it permission less. This original design has been the inspiration for other cryptocurrencies and distributed databases.
Blockchain is a distributed database that maintains a continuously-growing list of data records hardened against tampering and revision. It consists of data structure blocks which hold exclusively data in initial blockchain implementations and both data and programs in some of the more recent implementations with each block holding batches of individual transactions and the results of any blockchain executable. Each block contains a timestamp and information linking it to a previous block, such as proof-of-work to serialize changes.
Blockchain technology can be used to create a permanent, public, transparent ledger system for compiling data on sales, storing rights data and tracking digital use and payments to content creators, such as musicians.
The ability for any well-connected node to determine, with reasonable certainty, whether a transaction does or does not exist in the data set.
The ability for any node that creates a transaction to, after a confirmation period, determine with a reasonable level of certainty whether the transaction is valid, able to take place and become final (i.e., that no conflicting transactions were confirmed into the blockchain elsewhere that would invalidate the transaction, such as the same currency units "double-spent" somewhere else).
A prohibitively high cost to attempt to rewrite or alter transaction history.
Blockchain technology may be permission less—"open for anyone to use"—or private: "closed off and accessible only to chosen parties".
Bitcoin transactions are sent from and to electronic bitcoin wallets, and are digitally signed for security. Everyone on the network knows about a transaction, and the history of a transaction can be traced back to the point where the bitcoins were produced.
To send bitcoins, you need two things: a bitcoin address and a private key. A bitcoin address is generated randomly, and is simply a sequence of letters and numbers. The private key is another sequence of letters and numbers, but unlike your bitcoin address, this is kept secret. Think of your bitcoin address as a safe deposit box with a glass front. Everyone knows what is in it, but only the private key can unlock it to take things out or put things in.
When Alex wants to send bitcoins to Marie, he uses his private key to sign a message with the input (the source transaction(s) of the coins), amount, and output (Marie’s address). He then sends them from his bitcoin wallet out to the wider bitcoin network. From there, bitcoin miners verify the transaction, putting it into a transaction block and eventually solving it.
With Bitcoin, miners use special software to solve math problems and the system issue a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine. Bitcoin miners help keep the Bitcoin network secure by approving transaction. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure.
Also mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain, as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.
GTC DIGITAL is a fully decentralized club organization DAO* (decentralized autonomous organization), also known as DAC*(decentralized autonomous corporation) and fully distributed cryptocurrency exchange platform.
GTC DIGITAL was founded with a purpose of sharing the cryptocurrency vision and opportunity all over the world. With the GTC DIGITAL club academy the possibilities are endless with the aim of providing the best possible information about bitcoin, its origins, its benefits, educate people how to use them, how to open a digital wallet and also provide the opportunity to generate bitcoins and share from 20% to up to 50% within all the members.
Bitcoins are generated from our own trading bots connected to the main trading platforms worldwide, trading with the main top 20+ cryptocurrencies with the most users and more value in the market place. Our platform systems and affiliate program are based on the blockchain distribution technology algorithms to secure all transaction that are distributed to all club members.
Our mission is to provide cutting edge technology utilizing innovative tools and trading strategies to maximize the cryptocurrency exchange earnings and that way increase bitcoin distribution for our members around the world. With our expert traders and bots, we are at vanguard in the market. Making every trade exchange successful, we do trading multiple times per hour, 24 hours a day, 7 days a week.
As part of the cryptocurrency world, we also wants to take the cryptocurrency and its origins around the world by providing the most advance and innovative education to our members by sharing testimonials with real earnings and experiences with our advance affiliate network platform. GTC DIGITAL gives everyone around the globe the opportunity to experience network business like never before in the market.
Empowering trading transactions with world-class tools.
With several years of experience in crypto currency & trading and with a team of professional traders, we have developed a one of kind system for the world, a revolutionary opportunity.
We have developed the best digital coin trading software in the market place, it allows to analyze trends and make multiple micro transactions per minute 24 hours a day 7 days a week obtaining egtcarnings per every transaction. We use our innovative technology to trade the top 20 digital currencies in the market place.
Once you become a member, our service is 100% automated so you can make money daily. With our automated trading software and monitoring system, trades are done automatic for members with no risk. Finally the best way to trade with no experience. “Put your bitcoin to work for you”.
Trades are placed in your account you maintain full control of YOUR membership account, and you will received trades earnings in real time in your wallet. You never lose access or control of your account OR your funds.
Our system makes multiple micro-transactions every minute 24 hours a day, 7 days a week.
The world´s leading tool set for professional bitcoin traders, featuring market analytics, blockchain insights, order management, micro-transactions trade execution, team communication and compliance automation.
GTC DIGITAL´s specialized team has developed a unique trading platform software that provides a great opportunity for people around the world to participate in the digital coin exchange (trading) market. By partnering with GTC DIGITAL members obtain automated gains in 9 membership levels for a set term.
We offer flexible (cryptocurrency trading) membership plans.
All payments and commisions are paid in Bitcoins only. We use dollars ($) as reference.
The GTC DIGITAL Smartphone application will let you sell, send, receive and Exchange your Bitcoins within your team in the safest and simplest way possible.
You can work from home and anywhere in the world by just having wifi connection, you will also have multiple functions that allow you to communicate with your team and grow your business.
New registration alerts, Commissions alerts, Bitcoin Price alerts, GTC DIGITAL support service and much more.
Grow your team like never before simple and Smart.