Whois & Analysis for bitrue.com

Bitcoin is both a cryptocurrency and an electronic payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto.

Bitcoin was introduced on 31 October 2008 to a cryptography mailing list, and released as open-source software in 2009.

The identity of Nakamoto remains unknown, though many have claimed to know it.

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality.

It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.

Ethereum also provides a value token called "ether", which can be transferred between participants and is used to compensate participant nodes for computations performed.

Gas, an internal transaction pricing mechanism, is used to prevent spam on the network and allocate resources proportionally to the incentive offered by the request.

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.

Inspired by and technically nearly identical to bitcoin (BTC), Litecoin creation and transfer is based on an open source protocol and is not managed by any central authority.

Digital currency or digital money is distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership.

Both virtual currencies and cryptocurrencies are types of digital currencies, but the converse is incorrect.

Like traditional money these currencies may be used to buy physical goods and services but could also be restricted to certain communities such as for example for use inside an on-line game or social network.

Fiat money is a currency established as money by government regulation or law.

The term derives from the Latin ("let it become", "it will become") used in the sense of an order or decree.

It differs from commodity money and representative money.

Commodity money is created from a good, often a precious metal such as gold or silver, which has uses other than as a medium of exchange (such a good is called a commodity), while representative money simply represents a claim on such a good.