10 Things You need to Know About Bitcoins

hongkiat.com 31 Jan '13, 1pm

10 Things You need to Know About Bitcoins

If you have read about the Tor Network and the Introduction to Bitcoins, then you’ve probably heard about this underground currency and the anonymity it affords. In this post, we attempt to identify some top 10 questions about Bitcoins to give you a clearer understanding of what it is , what it does and how you can use it to buy products or services online. 1. What Are Bitcoins? The Bitcoin is a form of currency without notes and coins, it is a digital currency. In this era of Internet and digitization, we’ve moved from phone to VoIP calls, face-to-face meeting to video conferencing, fax to email, cable television to IP TV, and the list goes on. 2. Who Developed The Idea Of Bitcoins? The concept of Bitcoins was developed by Satoshi Nakamoto , who resides in total anonymity. He is said to be from Japan but his mail ID was from Germany, plus the bitcoin software was not avai...

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