Bitcoin. It’s a word that was once merely discussed as an academic idea among technology enthusiasts, then became a hushed mention among law enforcement tackling online drug trades – and most recently it’s the latest craze for those looking to make a quick buck. But what is bitcoin? Why are people so interested in it?
People buy bitcoin for all sorts of different reasons. It’s a store of value, a transactional medium, and an idea that some claim could change the future of economics entirely.
Most notably, it’s not a real, physical thing, but an entirely digital entity (no matter what the header image may suggest) with no middle-man controlling its use. To put it simply, bitcoin is a cryptocurrency.
Read full story here: What Is Bitcoin? Here’s What You Need To Know About It | Digital Trends
