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Title: [2015-12-09] ET: What is bitcoin? A look at the digital currency Read more at: Post by: polynesia on December 12, 2015, 07:04:16 AM What is bitcoin? A look at the digital currency
http://economictimes.indiatimes.com/news/international/business/what-is-bitcoin-a-look-at-the-digital-currency/articleshow/50112809.cms Q: What's a bitcoin? A: Bitcoin is an online currency that allows people to make one-to-one transactions, buy goods and services and exchange money across borders without involving banks, credit card issuers or other third parties. As a result, this exotic new form of money has become popular with libertarians as well as tech enthusiasts, speculators _ and criminals. Bitcoins are basically lines of computer code that are digitally signed each time they travel from one owner to the next. Q: So why is bitcoin in the news again? A: Technology publications Wired and Gizmodo published reports this week claiming an Australian businessman is bitcoin's likely inventor. The Australian Federal Police said the search Wednesday was related to a tax investigation and not recent media reports on bitcoin. |