What Is A Bitcoin/ The Bitcoin Story
First conceived in an academic paper in 1998, the Bitcoin was derived from a study into cryptography. Having caught the attention of the digital world, it went on to see it’s first boom and bust in 2011.
Each Bitcoin can be split into 100m pieces, so you can spend part of a Bitcoin. The algorithm that sits behind Bitcoins mean that the number of Bitcoins cannot ever exceed 21m. Of this 57% are already in circulation.
In other words, demand kicks in and value starts to be created.
The Bitcoins Video Guide
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Have a look at our other Bitcoin post here to get more of the story.
By David Farmer
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