Bitcoin Basics

By November 4, 2015Bitcoin Business

Photo A bitcoin ATM machine at a restaurant in San Diego. Credit Mike Blake/Reuters Bitcoin is both a virtual currency and an online payment system — one that some people believe will transform the global financial system. But the details of this new technology have remained a mystery to most.

Bitcoin is both a type of digital token, or virtual currency, and the network on which those tokens can be stored and moved around.

Each unit […]

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