All About BitCoin
How to buy, send and invest in the digital currency “Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.” Nassim Taleb, author of The Black Swan How do people use bitcoins? It is an electronic or digital currency that works on a peer-to-peer basis. This means that it is decentralised and has no central authority controlling it. Like currency notes, it can be sent from one person to another, but without a central bank or the government attempting to track it. The system depends on cryptography to control the creation of the currency. While no one authority controls the generation of the coins or tracks them, the system itself is designed in such a way that the network maintains a foolproof system of the record of every transaction as well as tracking issuance of the currency. The beauty of this cryptocurrency is that if you receive a bitcoin from another, you can be as sure of the payment as you would on receivi...