What is Bitcoin?
Bitcoin is a cryptocurrency and worldwide payment system that only exists electronically. It is the first decentralized digital currency, as the system works without a central bank or single administrator tying it in regulatory processes.
Through a peer to peer network, holders of bitcoin can transfer their money to users in a super safe encrypted network called the blockchain. This security is ensured by a number of blockchain “miners” who monitor the blockchain and continually verify it. #supersafe
If you would like to learn more about Bitcoin and cryptocurrencies in general, MintDice also keeps a fantastic blog updated with the best Bitcoin & Cryptocurrency News.