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What Is Bitcoin and How Does It Work? | Mashable Explains

It's hard to deny that Bitcoin is changing the way we use money, and our concept of how currency should work. So what is Bitcoin exactly? Credits: Photo of different currencies: http://simplecurrencyconverter.blogsp... Decentralized/Centralized Illustration: Mashable composite. iStockphoto, betamax; nicoolay; johnwoodcock; retroimages; aristotoo; 4x6; Patrick Damiano Blockchain: Courtesy of Silicon Angle; Blockchain.info Miner 1: http://bitell.sinaapp.com/show.php?ti... Miner 2: http://bitcoinexaminer.org/20-insane-... Miner 3: http://www.openmobilefree.net/?p=1308 Bitcoin Stock Video: iStock, Movie Elements Bitcoin Stock Photo: http://www.coindesk.com/information/w... Bitcoin Creation Rate Chart: Wikipedia Bitcoin ATM: ABC 10 News http://www.10news.com/news/worlds-fir... Bitcoin Value Graph: Blockchain.info TechKNOWledgy you can use from Verizon    • Видео   http://www.mashable.com LIKE us on FACEBOOK:   / mashable   FOLLOW us on TWITTER:   / mashable   FOLLOW us on TUMBLR:   / mashable   FOLLOW our INSTAGRAM:   / mashable   JOIN our circle on GOOGLE PLUS: http://plus.google.com/+Mashable Subscribe!: http://bit.ly/1ko5eNd Mashable is the leading independent news site for all things tech, social media, and internet culture.    / mashable   http://www.mashable.com LIKE us on FACEBOOK:   / mashable.video   FOLLOW us on TWITTER:   / mashablevideo   FOLLOW us on TUMBLR:   / mashable   FOLLOW our INSTAGRAM:   / mashable   JOIN our circle on GOOGLE PLUS: http://plus.google.com/+Mashable Subscribe!: http://bit.ly/1ko5eNd Mashable is the leading independent news site for all things tech, social media, and internet culture.    / mashable