[2017-05-22] ET: Everything you wanted to know about bitcoins

[polynesia]

Everything you wanted to know about bitcoins

http://economictimes.indiatimes.com/wealth/spend/everything-you-wanted-to-know-about-bitcoins/the-digital-currency/slideshow/58787443.cms

The digital currency

It's worth more than an ounce of gold right now, it's completely digital and it's the currency of choice for the cyberattackers who crippled computer networks around the world in recent days.

Bitcoin has a fuzzy history, but it's a type of currency that allows people to buy goods and services and exchange money without involving banks, credit card issuers or other third parties. Here's a brief look at bitcoin: