Last Updated: Tuesday, May 30, 2017

What is Bitcoin? | Bitcoin the fastest growing investment

What is Bitcoin & how does it work?

Bitcoins are probably the most well known cryptocurrency. You can use it for non-participating payments from third parties, such as the government, a bank or market regulator. Consider bitcoins as a shared book by several users. When you pay for a product or service with bitcoins, or be paid, the transaction is concluded in a ledger. Computers using complex mathematical equations, compete to confirm the transaction. The winner receives more bitcoins. The process is called "mining". But do not get caught. Only the geeks of the computer get their coins way. Bitcoins are electronically transformed into long strings of code having a monetary value.

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