Bitcoin for beginners: everything you need to know
When we think of something valuable, we tend to think of a precious metal like gold. As a society, we have mutually agreed that gold is a highly valuable substance. It's rare because there is a limited supply, it's durable, and it's possible to authenticate whether or not it's the real thing. As such, gold has been used as an effective form of currency for centuries. Its value is agreed upon by all so it can easily be exchanged for goods and services.
Bitcoin aims to be the digital version of gold. It was created as an innovative currency that operates outside of banks and government institutions, the value of which is determined by the mutual agreement of its users.
So, how exactly does Bitcoin work and why is everyone so interested in this form of currency? Click on to find the answers.