noun
"bitcoin has become a hot commodity among speculators"
"bitcoins can be used for online transactions between individuals"
What does that even mean ?
Bitcoin is a REAL digital currency that was created in 2009 by a person that remains anonymous to this day, his/her alias is Satoshi Nakamoto. The idea was to produce a currency that could be used globally independent of any central authority, transferable electronically, more or less instant, with very low
transaction fees. Transactions are made with no central middle man, it is a peer to peer payment form – meaning, no banks and all transactions are public and can be viewed on the blockchain! Bitcoin is like handing somebody cash ! Every bitcoin transaction is processed and posted to the blockchain by the bitcoin miners and there are some transaction fees and those fees go to the miner who mines the block your transaction (Tx) is on. More merchants are beginning to accept them:
It's a lot easier than you think !
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