Bitcoin is a peer-to-peer network based anonymous digital currency. Peer-to-peer (P2P) means that there is no central authority to issue new money or to keep track of the transactions. Instead, these tasks are managed collectively by the nodes of the network. Anonymity means that the real world identity of the parties of a transaction can be kept hidden from the public or even from the parties themselves. Advantages:

• Transfer money easily through the internet, without having to trust third parties.
• Third parties can’t prevent or control your transactions.
• Be safe from the unstability caused by fractional reserve banking and bad policies of the central banks. The limited inflation of the Bitcoin system’s money supply is distributed evenly (by CPU power) throughout the network, not monopolized to the banks.

Bitcoin is an open source project created by Satoshi Nakamoto, and is currently in alpha development stage. Get the latest version of Bitcoin (currently available for Windows NT/2000/XP/Vista) at the Sourceforge project page.

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