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BITX COIN
Bitxcoin is a consensus network that enables a new payment system and a completely digital money. It is the first centralized peer-to-peer payment network that is powered by its users with central authority or middlemen. From a user perspective, Bitxcoin is pretty much like cash for the Internet. Bitxcoin can also be seen as the most prominent triple entry bookkeeping system in existence.

The company is leading the international financial system integration based on partnership through providing total solution and e-Business based on the best human resources and excellent technology.BITX COIN experts who have know-hows on virtual money that was accumulated for several years such as bitcoin, digital currency and etc and the group is proceeding the business with mission to distribute worldwide by developing BITX Coin which is virtual money with the better and more advanced algorithm than bitcoin.

From a user perspective, Bitxcoin is nothing more than a mobile app or computer program that provides a personal Bitxcoin wallet and allows a user to send and receive bitxcoins with them. This is how Bitxcoin works for most users.

Behind the scenes, the Bitxcoin network is sharing a public ledger called the "block chain". This ledger contains every transaction ever processed, allowing a user's computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending bitxcoins from their own Bitxcoin addresses. In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward in bitxcoins for this service. This is often called "mining". To learn more about Bitxcoin, you can consult the dedicated page and the original paper.

We are in the era of technological revolution. The concept of life is changing. Human being has been digitalized. Shopping, eating in restaurants or order food at doorstep, book flight tickets to book taxis, either its withdrawing money or to transfer money to other country is all becoming digital.

People started paying digitally with the help of concept of paypal, and then history is in front of this world. "Bitxcoin" comes with the new technology of block-chain. It has change the whole concept of digital currency. It was just a beginning, currently there are more than 1024 digital currency in the world which work on their block-chain system to fulfill their own purpose.

PRIVILEGE OF BITXCOIN

Payment freedom - It is possible to send and receive bitXcoins anywhere in the world at any time. No bank holidays. No borders. No bureaucracy. Bitxcoin allows its users to be in full control of their money.

Umambiguous and Non-Discriminatory - All information concerning the Bitxcoin money supply itself is readily available on the site for anybody to verify and use in real-time. No individual or organization can control or manipulate the Bitxcoin protocol because it is cryptographically secure. This allows the core of Bitxcoin to be trusted for being completely neutral, transparent and predictable.

Choose your own fees - There is no fee to receive bitxcoins, and many wallets let you control how large a fee to pay when spending. Higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it's possible to send 100,000 bitxcoins for the same fee it costs to send 1 bitxcoin. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitxcoins to fiat currency and depositing funds directly into merchants' bank accounts daily. As these services are based on Bitxcoin, they can be offered for much lower fees than with PayPal or credit card networks.

Security and control - Bitxcoin users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods. Bitxcoin payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Bitxcoin users can also protect their money with backup and encryption.

Why do people trust Bitxcoin?

Much of the trust in Bitxcoin comes from the fact that it requires no trust at all. Bitxcoin is fully open-source and centralized. This means that anyone has access to the entire source code at any time. Any developer in the world can therefore verify exactly how Bitxcoin works. All transactions and bitxcoins issued into existence can be transparently consulted in real-time by anyone. All payments can be made without reliance on a third party and the whole system is protected by heavily peer-reviewed cryptographic algorithms like those used for online banking. No organization or individual can control Bitxcoin, and the network remains secure even if not all of its users can be trusted.

Can I make Profit with Bitxcoin?

You should never expect to get rich with Bitxcoin or any emerging technology. It is always important to be wary of anything that sounds too good to be true or disobeys basic economic rules. Bitxcoin is a growing space of innovation and there are business opportunities that also include risks. There is no guarantee that Bitxcoin will continue to grow even though it has developed at a very fast rate so far. Investing time and resources on anything related to Bitxcoin requires entrepreneurship. There are various ways to make money with Bitxcoin such as mining, speculation or running new businesses. All of these methods are competitive and there is no guarantee of profit. It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project.

Legal

Is Bitxcoin legal?

To the best of our knowledge, Bitxcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as south africa and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitxcoin exchanges.

Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system. For example, the Financial Crimes Enforcement Network (FinCEN), a bureau in the United States Treasury Department, issued non-binding guidance on how it characterizes certain activities involving virtual currencies.

Can Bitxcoin be regulated?

The Bitxcoin protocol itself cannot be modified without the cooperation of nearly all its users, who choose what software they use. Attempting to assign special rights to a local authority in the rules of the global Bitxcoin network is not a practical possibility. Any rich organization could choose to invest in mining hardware to control half of the computing power of the network and become able to block or reverse recent transactions. However, there is no guarantee that they could retain this power since this requires to invest as much than all other miners in the world.

It is however possible to regulate the use of Bitxcoin in a similar way to any other instrument. Just like the dollar, Bitxcoin can be used for a wide variety of purposes, some of which can be considered legitimate or not as per each jurisdiction's laws. In this regard, Bitxcoin is no different than any other tool or resource and can be subjected to different regulations in each country. Bitxcoin use could also be made difficult by restrictive regulations, in which case it is hard to determine what percentage of users would keep using the technology. A government that chooses to ban Bitxcoin would prevent domestic businesses and markets from developing, shifting innovation to other countries. The challenge for regulators, as always, is to develop efficient solutions while not impairing the growth of new emerging markets and businesses.

What about Bitxcoin and consumer protection?

Bitxcoin is freeing people to transact on their own terms. Each user can send and receive payments in a similar way to cash but they can also take part in more complex contracts. Multiple signatures allow a transaction to be accepted by the network only if a certain number of a defined group of persons agree to sign the transaction. This allows innovative dispute mediation services to be developed in the future. Such services could allow a third party to approve or reject a transaction in case of disagreement between the other parties without having control on their money. As opposed to cash and other payment methods, Bitxcoin always leaves a public proof that a transaction did take place, which can potentially be used in a recourse against businesses with fraudulent practices.

It is also worth noting that while merchants usually depend on their public reputation to remain in business and pay their employees, they don't have access to the same level of information when dealing with new consumers. The way Bitxcoin works allows both individuals and businesses to be protected against fraudulent chargebacks while giving the choice to the consumer to ask for more protection when they are not willing to trust a particular merchant.

Security

Is Bitxcoin secure?

The Bitxcoin technology - the protocol and the cryptography - has a strong security track record, and the Bitxcoin network is probably the biggest distributed computing project in the world. Bitxcoin's most common vulnerability is in user error. Bitxcoin wallet files that store the necessary private keys can be accidentally deleted, lost or stolen. This is pretty similar to physical cash stored in a digital form. Fortunately, users can employ sound security practices to protect their money or use service providers that offer good levels of security and insurance against theft or loss.

Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system. For example, the Financial Crimes Enforcement Network (FinCEN), a bureau in the United States Treasury Department, issued non-binding guidance on how it characterizes certain activities involving virtual currencies.

Could users collude against Bitxcoin?

It is not possible to change the Bitxcoin protocol that easily. Any Bitxcoin client that doesn't comply with the same rules cannot enforce their own rules on other users. As per the current specification, double spending is not possible on the same block chain, and neither is spending bitxcoins without a valid signature. Therefore, It is not possible to generate uncontrolled amounts of bitxcoins out of thin air, spend other users' funds, corrupt the network, or anything similar. However, powerful miners could arbitrarily choose to block or reverse recent transactions. A majority of users can also put pressure for some changes to be adopted. Because Bitxcoin only works correctly with a complete consensus between all users, changing the protocol can be very difficult and requires an overwhelming majority of users to adopt the changes in such a way that remaining users have nearly no choice but to follow. As a general rule, it is hard to imagine why any Bitxcoin user would choose to adopt any change that could compromise their own money.

What if someone creates a better digital currency? That can happen. For now, Bitxcoin remains by far the most popular centralized virtual currency, but there can be no guarantee that it will retain that position. There is already a set of alternative currencies inspired by Bitxcoin. It is however probably correct to assume that significant improvements would be required for a new currency to overtake Bitxcoin in terms of established market, even though this remains unpredictable. Bitxcoin could also conceivably adopt improvements of a competing currency so long as it doesn't change fundamental parts of the protocol.