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What is a Bitcoin

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You might or might not have heard of the latest trend in digital money Bitcoin, Bitcoin is a form of digital currency, created and held electronically. No one controls it.  A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees. Bitcoins are not physical and are digitally created by a community of people that anyone can join and they based on mathematics.

There is to much to explain about bitcoins in one blog! So below we have hunted out some good links that explain in much better detail.

Bitcoin explained

The maths behind it

Bitcoin project

Posted in: Tech Tips for Business Owners

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