Understanding Bitcoin This Quick Guide Will Help You Get Started Mobilityarena
Understanding Bitcoin: What is bitcoin? We asked a leading Bitcoin expert, Tim Akinbo, how he would explain Bitcoin to a lay person. His reply: Bitcoin is an electronic currency that operates without any centralized authority or banks. So, there is no one server or group of servers from which Bitcoins are created or managed. To borrow a terminology from Muhammadu Buhari, Bitcoin belongs to nobody and to everybody. This decentralized nature of bitcoin, plus the advanced cryptography involved in the creation and transmission makes it quite secure as a digital currency....