Bitcoin: Cheat Sheet – The digital currency doesn’t glitter but it’s like gold…

The digital currency doesn’t glitter but it’s like gold…

Bitcoin eh? Is this one of those virtual currencies, like World of Warcraft Gold?

Close but no cigar. Bitcoin is a so-called cryptocurrency – it’s digital, like World of Warcraft Gold. However, unlike Warcraft Gold, it’s not tied to any particular product or service.

And, like a traditional currency, Bitcoin can be used to buy, sell and make payments online and even in bricks-and-mortar shops.

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