Bitcoin- What is it?

bitcoin currency

 

 

Bitcoin is a revolutionary new currency that was created anonymously in 2009. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept bitcoins. You can buy services, pizza or even manicures. Bitcoins are earned when people compete by using computers to solve complex mathematical problems. Currently, a winner is awarded 25 bitcoins every 10 minutes. OR, one can buy bitcoins at a bitcoin exchange using various currencies.

Here are Bitcoin books that explain more about it:

Blockchain revolution : how the technology behind bitcoin is changing money, business, and the world / Don Tapscott and Alex Tapscott

The age of cryptocurrency : how Bitcoin and digital money are challenging the global economic order / Paul Vigna and Michael J. Casey

Digital gold : Bitcoin and the inside story of the misfits and millionaires trying to reinvent money / Nathaniel Popper

Here are websites that explain it in full:

 CNN Money

What is Bitcoin? (with introductory video)

Bitcoin Introduction with resources, links to participate, and frequently asked questions