A lot of guides have been written to describe the basics of bitcoin. They usually start with an analogy around gold and mining, and something called the blockchain. These guides are great, but they often get into the technical weeds and don’t explain why people are investing in bitcoin or why it can change the future of money. In this guide, you’ll learn what bitcoin is, its pros and cons, and what it means for the future of cryptocurrencies.
What is It?
Bitcoin is a currency. It can be sent digitally. It can also be stored securely, either digitally or on paper. Unlike traditional money, it can’t be easily forged. Unlike traditional currency, bitcoin transactions are both public and largely anonymous.
Read all at:
http://www.alleywatch.com/2018/01/beginners-guide-understanding-bitcoin/
