Bitcoins have become big news recently, given that they bridge the financial and digital technology words quite nicely. A panic just crushed their value. WordPress takes payment in bitcoins. Attacks by hackers have hurt the currency’s value in the past. Investors are, naturally, excited and scared, some calling them “essential”, others likening them to “gold for nerds”. But how exactly do they work?
Lucky for us, here’s a solid explanation in three minutes. Nice work, Duncan Elms.