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The heart of tech

This article was published on August 21, 2013

Baffled by the world of Bitcoin? This beginner’s guide will tell you everything you need to know

Baffled by the world of Bitcoin? This beginner’s guide will tell you everything you need to know
Nick Summers
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Nick Summers

Nick Summers is a technology journalist for The Next Web. He writes on all sorts of topics, although he has a passion for gadgets, apps and Nick Summers is a technology journalist for The Next Web. He writes on all sorts of topics, although he has a passion for gadgets, apps and video games in particular. You can reach him on Twitter, circle him on Google+ and connect with him on LinkedIn.

Bitcoin is the virtual currency that everyone seems to be talking about. It’s compelling and growing in popularity, but also highly controversial; Bitcoin has been ruled illegal in Thailand and the US government plans to launch a formal investigation into the cryptocurrency.

Bitcoin is also overwhelming though. How does it work? What are the advantages? Is it dangerous? These are all common questions and it seems that hardly anyone can offer a concise or simple answer.

CoinDesk has stepped in with its beginner’s guide to Bitcoin. It covers pretty much everything, from Bitcoin mining to its founder, Satoshi Nakamoto. Well worth a read if you’ve been left scratching your head recently.

A beginner’s guide to Bitcoin

Image Credit: zcopley / Flickr