Bitcoin is seriously hot right now. Yesterday one unit of the virtual currency went past the US$200 mark. Thing is, it can be a little difficult getting to grips with the phenomenon. It’s a currency, but it doesn’t work like conventional money systems. It has no central bank or trading system. Instead, it’s open-source, peer-to-peer and in trading, it is subdivided into 100-million smaller units called satoshis, defined by eight decimal places. Confused? Don’t worry, you’re not alone.
To read the full, original article click on this link: Everything you need to know about Bitcoin explained in three minutes | memeburn
