Bitcoin is a decentralized P2P electronic cash system without a central server or trusted parties. Users hold the crypto keys to their own money and transact directly with each other, with the help of the network to check for double-spending.
Bitcoins can be sent easily through the Internet, without having to trust middlemen and transactions are designed to be computationally prohibitive to reverse.
The application helps you stay safe from instability caused by fractional reserve banking and central banks. The limited inflation of the Bitcoin system’s money supply is distributed evenly (by CPU power) throughout the network, not monopolized by banks.
Bitcoin is an electronic cash system that uses a peer-to-peer network to prevent double-spending. It's completely decentralized with no server or central authority.
What's New in This Release: [ read full changelog ]
Fee Policy changes:
· The default fee for low-priority transactions is lowered from 0.0005 BTC (for each 1,000 bytes in the transaction; an average transaction is about 500 bytes) to 0.0001 BTC.
· Payments (transaction outputs) of 0.543 times the minimum relay fee (0.00005430 BTC) are now considered 'non-standard', because storing them costs the network more than they are worth and spending them will usually cost their owner more in transaction fees than they are worth.
· Non-standard transactions are not relayed across the network, are not included in blocks by most miners, and will not show up in your wallet until they are included in a block.
· The default fee policy can be overridden using the -mintxfee and -minrelaytxfee command-line options, but note that we intend to replace the hard-coded fees with code that automatically calculates and suggests appropriate fees in the 0.9 release and note that if you set a fee policy significantly different from the rest of the network your trans...