Bitcoin - P2P Digital Currency

Bitcoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Bitcoin is also the name of the open source software which enables the use of this currency.

Features:

• Bitcoins can be transferred between arbitrary nodes on the network.
• Transactions are irreversible.
• Double spending is prevented by using a block chain.
• Transactions are broadcasted within seconds and verified within 10 to 60 minutes.
• Transactions can be received at any time regardless of whether your computer is turned on or off.