Bitcoin: What You Need To Know | Technology | Theguardian.com

Bitcoin, a currency no company controls

Bitcoins are an anonymous, decentralised, peer-to-peer digital currency.In contrast to older forms of electronic money, no company controls Bitcoin, nor ever could: all the rules about how it works are embedded into the very operation of trade, including the rate of inflation and how to verify transactions.

Saved 30 October 2013 / www.theguardian.com ↗

#Bitcoin #transactions #companies

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