Thursday, 2 July 2015

Bitcoin



Currency has now gone digital with the arrival of Bitcoin and its ilk. It’s not physical money and it’s not produced by a central entity; instead the ledger of who’s spent what, known as the blockchain, is managed by users, who are known as miners and rewarded by payment in bitcoin. The value of the currency has fluctuated wildly, although early adopters who bought cheap made a fortune as it sparked a virtual gold rush.

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