30 Nov '16, 11pm

What you need to know about Bitcoin

What you need to know about Bitcoin

It is open, free, “unbreakable” and decentralised. The Internet was started to share information, and Bitcoin is a revolution in that idea. Bitcoin is an idea, firstly, that financial property can be directly controlled by its owner. As we mentioned, banks own the money under deposits, they’re free to do whatever with a percentage of all deposits. When someone owns a Bitcoin, it operates similar to cash in the fact that the one in possession of the private key has the ability to do with it what they please. Bitcoin is a decentralised cryptocurrency, meaning that it cannot (easily) be shutdown.

Full article: http://punchng.com/need-know-bitcoin/

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