Saturday, January 10, 2015

What is Bitcoin?



Bitcoin is a peer-to-peer payment system introduced as open source software in 2009. The digital currency created and used in the system is alternatively referred to as a virtual currency, electronic money, or a cryptocurrency because cryptography is used to control its creation and transfer. Conventionally, the capitalized word "Bitcoin" refers to the technology and network, whereas lowercase "bitcoin" refers to the digital currency.

If you want to know more then check out the full Bitcoin Wikipedia article or watch the YouTube video below.

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What is Bitcoin?
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