Bitcoin is going more mainstream
For years, we have been covering the ins and outs of Bitcoins. As they gain and lose popularity, one thing is clear: they are still wildly popular. If you have not heard of them, or are unfamiliar with how they are used, check out this explanation even a kid can understand. If you are familiar with them, did you know you can send a pre-paid Bitcoin gift certificate to friends and family who have yet to discover the wonders of Bitcoin?
Bitcoin is digital currency. When I say digital, I mean completely digital, operating free from banking institutions. Okay, not completely digital, as you can attain physical Bitcoins, but this does defeat the original premise behind an “all digital” currency and enthusiasts greatly prefer the digital variety.
So, Bitcoin is 98% digital
I liken Bitcoin to tokens that you used to get in gaming arcades, with one exception: Bitcoin currency can be broken down into fractions (called satoshis). Using the token example, you gave the machine $1, you got four tokens. With Bitcoin, those 4 “tokens” could be divided into multiple fractions, giving you more bang for your buck…or