Bitcoin: Here's all that you need to know about the virtual currency
http://economictimes.indiatimes.com/magazines/panache/bitcoin-heres-all-that-you-need-to-know-about-the-virtual-currency/articleshow/56369446.cms
The value of bitcoin surged above $1,100 on Thursday as the digital unit continues a dizzying rise that made it the best-performing currency of 2016.
Analysts have suggested a host of reasons for its appreciation, from global uncertainty and a strengthening dollar to demonetisation in India and capital controls in China.
Here are some key facts about bitcoin.
Bitcoin is a virtual currency that is created from computer code. Unlike a real-world currency such as the US dollar or the euro, it has no central bank and is not backed by any government.
Topic: [2017-01-06] ET: Bitcoin: Here's all that you need to know about it (Read 498 times)
January 06, 2017, 11:48:49 PM
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