A Simplified Explanation of Bitcoin
The symbol for bitcoin. Ironically, this coin does not actually exist. Pic Source So Cryptocurrency is probably a word that you have heard being thrown around a lot recently. And if you have hurt of Cryptocurrency you have no doubt heard about the biggest one, Bitcoin. You have probably heard more negative things than good about it, such as it being used as the main currency in places like the dark net. But, beyond that what do you really know about Bitcoin, and why should you really care. The first thing you need to know about bitcoin is that it is not real. Bitcoins are not physical coins or currency that you just keep in your wallet. They are virtual things and are kept in virtual wallets. So this brings up the question of how do you get bitcoins? Well, all bitcoins are generated through mining. Now, its not real mining like going into a hole in the middle of a mountain, but its mining in that you put in risk and energy with no guarantee of a profit. Imagine for a second t