In the same way that our current paper currencies generally have 100 cents that make up 1 of the actual currency, Bitcoin also has lower forms of its currency such as; nano bitcoins (nBTC), micro bitcoins (uBTC) and milli bitcoins (mBTC).
Monday 10 March 2014
What is mBTC, uBTC and nBTC ?
In the same way that our current paper currencies generally have 100 cents that make up 1 of the actual currency, Bitcoin also has lower forms of its currency such as; nano bitcoins (nBTC), micro bitcoins (uBTC) and milli bitcoins (mBTC).
Sunday 9 March 2014
What is Bitcoin ?
Bitcoin is an innovative payment network and a new kind of money. Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by developer Satoshi Nakamoto. It is a cryptocurrency, so-called because it uses cryptography to control the creation and transfer of money. Conventionally, the capitalized word "Bitcoin" refers to the technology and network, whereas lowercase "bitcoin" refers to the currency.
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