In April 2011, the value of Bitcoin held steady at $0.75. By January 2014, that value had skyrocketed to more than $1,000. It’s hard to deny that the digital currency is changing the way we use money and our concept of how money should work. But let’s back up a step — what exactly are bitcoins?
The newest video in our Mashable Explains series covers everything from Bitcoin mining to the advantages of a decentralized currency — all in under two minutes. After you watch the video above, subscribe to Mashable on YouTube for more Read more…
Previously on Mashable Explains: What is 4K Video?
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Read more : Everything You Need to Know About Bitcoin in 2 Minutes
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