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Bitcoin uses p2p (peer to peer) technology to operate so no central authority or banks are managing transactions and the issuing of bitcoins is issued out by all bitcoin users. Bitcoin is open-source so everyone can take part in developing process. Through many of its unique properties, Bitcoin allows new ways of spending your money comparing to old systems.
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In November 2008, there was publishet paper by Satoshi Nakamoto what was base for Bitcoin, after 3 months Bitcoin wallet was released and it was open source. Satoshi generated first Bitcoin block of 50 coins. During last years Bitcoins are becoming more popular and popular. More and more merchants start acceting Bitcoin as payment for their products and services.