So… what are Bitcoins? I am pretty sure most of you have either heard of them or know what they are.Bitcoin(capitalised) refers to the software or network. While bitcoins(not capitalised) refers to the digital currency. And indeed they are the future of money. You may have realised that everything in the world is going electronic these days. And now Money is no exception. Bitcoins are not new, some of us are just getting exposed to them now.

Who invented Bitcoins? It is believed that a collection of people under the pseudonym Satoshi Nakamoto did so. No one knows who they or he is exactly. But he did the world a great service. Bitcoins are decentralised, they belong to no bank and no country. And you can perform a bitcoin transaction from anywhere in the world, no need for bank troubles.But this does not mean it is not traceable. Bitcoin transactions are recorded in a public ledger called the Bitcoin Blockchain.The information there is permanent and publicly viewable, and cannot be erased or deleted.So you are basically safe especially if you go to trusted sites…

And 1 bitcoin is currently worth 768 dollars. Something to think about.. More info later… 😉