5

Bitcoin releases version 0.3

http://sourceforge.net

"How's this for a disruptive technology? Bitcoin is a peer-to-peer network based digital currency with no central bank, and no transaction fees. Using a proof-of-work concept, nodes burn CPU cycles searching for bundles of coins, broadcasting their findings to the network. Analysis of energy usage indicates that the market value of Bitcoins is already above the value of the energy needed to generate them, indicating healthy demand. The community is hopeful the currency will remain outside the reach of any government."

A growing list of merchants accept bitcoins.

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davehollis's picture
Created by davehollis 4 years 6 weeks ago – Made popular 4 years 5 weeks ago
Category: Free Market   Tags:

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