Follow the hypothetical flow of a bitcoin transaction to shed some light on how this alternative crypto-currency works: "Bob, an online merchant, decides to begin accepting bitcoins as payment. Alice, a buyer, has bitcoins and wants to purchase merchandise from Bob." IEEE Spectrum pub...
While some are harkening to gold as a hedge against the breakdown of banknotes, another currency alternative, Bitcoin, just received a big leg up this week when a major software vendor started accepting payment using decentralized digital coins. WordPress.com, the company that leads d...