Digital Currency : How A Digital Representation Of Money Can Be Used To Purchase: Bitcoin Mining (Paperback)

Bitcoin is, at its core, virtual currency.

It is a digital representation of money that can be used to purchase goods and services in the same way cash can be used to purchase those same goods and services.

It differs considerably from these other currencies in that it is not backed by any bank or nation and has no formal organizational structure behind it.

Bitcoin is managed entirely by a Peer-to-Peer (P2P) network of individuals that manages balances and transactions on its own.

Bitcoins are 'mined' from computer networks through the process of solving a complex mathematical problem.