30 Aug '17, 2pm

11 Things You Need to Know About Bitcoin

Even the most tech savvy among us have a hard time wrapping their heads around Bitcoin. It's a hot topic and a frequent point of discussion among investors, entrepreneurs and stock traders, so you should want to know all about it. For starters, here's an overly simplified explanation of Bitcoin: It's a digital currency (there are more than 800 now ) that isn't controlled by a central authority such as a government or bank. It's created by "miners," who use computers and specialized hardware to process transactions, secure the currency's network and collect bitcoins in exchange. Supporters say it allows for more secure transactions over the internet. That's in part due to blockchain, a technology that records cryptocurrency transactions chronologically in a public digital ledger. Bitcoin is only eight and a half years old, but it’s the oldest and most highly valued cryptocu...

Full article: https://www.entrepreneur.com/slideshow/299425

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