jamesassoc (jamesassoc) wrote in abneyandassocia,
jamesassoc
jamesassoc
abneyandassocia

Understanding Bitcoin

Bitcoin is a form of Internet money that is immensely trendy and greatly appreciated means of buying and selling on line. And this is a currency that barely anybody understands. Various companies exclusively accept Bitcoins. The truth because of the recent banking instability in Cyprus it became so enormous that the worth of “all outstanding Bitcoins” just hit $1 billion.
So what is this bitcoin? Bitcoin (sign: BTC) is a decentralized digital currency based on an open source, peer-to-peer internet protocol. It was introduced by a pseudonymous developer named Satoshi Nakamoto in 2009. (http://en.wikipedia.org/wiki/Bitcoin)
READ MORE:
http://abneyassociates.org/2013/04/09/understanding-bitcoin/
Tags: abney associates infotech update, understanding bitcoin
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