What Is Bitcoin and How Does It Work? | Mashable Explains

submitted by virtualend on 07/02/16 1

It's hard to deny that Bitcoin is changing the way we use money, and our concept of how currency should work. So what is Bitcoin exactly? Credits: Photo of different currencies: simplecurrencyconverter.blogspot.com/p/currencies.html Decentralized/Centralized Illustration: Mashable composite. iStockphoto, betamax; nicoolay; johnwoodcock; retroimages; aristotoo; 4x6; Patrick Damiano Blockchain: Courtesy of Silicon Angle; Blockchain.info Miner 1: bitell.sinaapp.com/show.php?tid=938 Miner 2: bitcoinexaminer.org/20-insane-bitcoin-mining-rigs/ Miner 3: www.openmobilefree.net/?p=1308 Bitcoin Stock Video: iStock, Movie Elements Bitcoin Stock Photo: www.coindesk.com/information/what-can-you-buy-with-bitcoins/ Bitcoin Creation Rate Chart: Wikipedia Bitcoin ATM: ABC 10 News www.10news.com/news/worlds-first-bitcoin-atm-coming-to-san-diego-050213 Bitcoin Value Graph: Blockchain.info TechKNOWledgy you can use from Verizon www.youtube.com/watch?v=nq1cUYYvoTI&list=PLrbQTM5j6LLDQ1ll81ryTW6bVtGvOZeRU www.mashable.com LIKE us on FACEBOOK: www.facebook.com/mashable FOLLOW us on TWITTER: twitter.com/mashable FOLLOW us on TUMBLR: mashable.tumblr.com FOLLOW our INSTAGRAM: instagram.com/mashable JOIN our circle on GOOGLE PLUS: plus.google.com/+Mashable Subscribe!: bit.ly/1ko5eNd Mashable is the leading independent news site for all things tech, social media, and internet culture. www.youtube.com/mashable www.mashable.com LIKE us on FACEBOOK: facebook.com/mashable.video FOLLOW us on TWITTER: twitter.com/mashablevideo FOLLOW us on TUMBLR: mashable.tumblr.com FOLLOW our INSTAGRAM: instagram.com/mashable JOIN our circle on GOOGLE PLUS: plus.google.com/+Mashable Subscribe!: bit.ly/1ko5eNd Mashable is the leading independent news site for all things tech, social media, and internet culture. www.youtube.com/mashable

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