11 Things You Had No Idea About Bitcoin

If you haven’t heard of Bitcoin yet, you’ve probably been living under a rock. Bitcoin is what made cryptocurrencies a reality, and popular. It’s a digital currency, made by encryption and recorded on a distributed public ledger called a blockchain. Bitcoin has no physical representation, but is entirely within the digital spectrum. It can be sent from peer-to-peer (P2P) without the need of a middle man or establishment. Bitcoins are created by a process called “mining”, in which powerful computers are used to solve ever-increasingly difficult math equations; This has helped to spur new companies, and even new technology to mine them faster and more efficiently. Their value is contrived from their scarcity, encryption value, and the overall trust of the online community. The price of bitcoins was once minuscule, but today 1 BTC is worth about double the price of an ounce of gold. Learn more interesting facts about this amazing cryptocurrency with this infographic entitled: “11 Things You Had No Idea About Bitcoin” by DinarDirham.