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.
Image Credit: zcopley / Flickr