General

What is Bitcoin? You may never have heard of it, but it's time you did. Bitcoin is taking the online marketplace by storm. But what is it? It's a form of digital currency: money you can't touch, feel, or smell, but money all the same. It is what's known as a 'crypto-currency': a digital cash system. It is also completely decentralized, meaning that it is not backed by a physical commodity (gold) or any government or bank. Japan has legalized crypto-currencies, and other countries will likely follow: just a few days ago (June 23rd) news of China developing its own…